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Question
Which of the following is NOT true about the management powers of partners?
A. A partner whose name is not on the signature card filed with the bank does not have apparent authority to issue checks.
B. A partner's knowledge of material information relating to partnership affairs is imputed to the partnership.
C. A partner has implied and apparent authority to indorse and cash checks drawn payable to the order of the partnership.
D. A partner who has the authority to borrow money also has authority to issue negotiable instruments.
Answer
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