First Principles of Business Law
Business organisations in Australia

5. Partnerships

Question 10. Who manages and represents a business that is operated as a general partnership?

 

 

 

Read the statements below and select the best one.

(a) Partners are required to appoint a general manager, and it is only the general manager who has the authority to represent the firm, as an agent of the partners.

(b) Unless otherwise agreed, all the partners have the right to participate in the management of the firm, and every partner has the power to represent the other partners as their agent.

 

 

 

 

 

 

 

  
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