That the business has far fewer linens than it needs so he, Ask an Expert

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that the business has far fewer linens than it needs, so he makes a major linen purchase on open account. Which of the following terms refers to the fact that partners Ma and Running-Buck are just as liable for this purchase as McFarlane?

Answer

a. mutual agency

b. Unlimited liability

c.synergy

d.liquidation

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Financial Management, Finance

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