Under the Revised Uniform Partnership Act (RUPA), which of the following statements concerning the powers and duties of partners in a general partnership is(are) true? Each partner is an agent of every other partner and acts as both a principal and an agent in any business transaction within the scope of the partnership agreement. Each partner is subject to joint and several liability on partnership debts and contracts.
A. I only.
B. II only.
C. Both I and II.
D. Neither I nor II.
Answer: C. Both I and II.
Business
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