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Jonah and Jaycee are partners. Which of the following illustrates the concept of mutual agency?

a. Two partners are equally liable for damages that occurred while conducting business.
b. Jaycee must have permission from Jonah before engaging in any business transactions.
c. Neither partner is liable for damages that occurred while conducting business.
d. Jonah signs a purchase agreement with a supplier while Jaycee agrees to hire a marketing firm to drum up business.

Sagot :

The option that illustrates the concept of mutual agency is D. Jonah signs a purchase agreement with a supplier while Jaycee agrees to hire a marketing firm to drum up business.

  • A Mutual agency simply means a legally binding relationship that is undertaken by business partners whereby each person can make a decision on behalf of the other person.

  • In such a case, whenever there's a decision to be taken maybe the purchase of goods or payment, a partner can make the decision without having to inform the other person.

  • Based on the illustrations above, since Jonah and Jaycee are partners, they can take decisions on behalf of each other.

In conclusion, Jonah can sign a purchase agreement with a supplier while Jaycee agrees to hire a marketing firm to drum up business.

Read related link on:

https://brainly.com/question/23531359

Answer:

d. Jonah signs a purchase agreement with a supplier while Jaycee agrees to hire a marketing firm to drum up business.

Explanation:

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