Question

In a partnership, any partner:

A. May create a business in direct competition with the partnership.
B. May act as an agent who binds the partnership.
C. May encumber the property of the partnership to satisfy personal debt.
D. All of the above

Answer 1

In a partnership, any partner may create a business in direct competition with the partnership, act as an agent who binds the partnership, and encumber the property of the partnership to satisfy personal debt.

Step-by-step explanation:

In a partnership, any partner may create a business in direct competition with the partnership, act as an agent who binds the partnership, and encumber the property of the partnership to satisfy personal debt. These actions fall within the rights and responsibilities of partners in a partnership.