Law · Partnership Law
For which of the following transactions does a partner have no apparent authority to bind the firm, regardless of whether the firm is a trading or non-trading firm?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Compromise a debt by receiving something other than money in full settlement✓
- 2Employ a solicitor to defend the firm in a legal action
- 3Secure a business loan to the firm by depositing title deeds with the lender
- 4Receive payments of debts due to the firm and give valid receipts
Correct answer
Compromise a debt by receiving something other than money in full settlement
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