152.302 – BINDING EFFECT OF PARTNER'S ACTION. (a) Unless
Texas Business Organizations Code § 152.302
Summary
This law establishes that a partner's actions can bind the partnership in business dealings, unless the other party is aware that the partner lacks authority. It ensures that partnerships can operate smoothly in their ordinary course of business by holding them accountable for their partners' actions.
Partners can bind the partnership in ordinary business matters.
Third parties are protected unless they know of a partner's lack of authority.
This law facilitates efficient business operations for partnerships.
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In simple terms: Learn about Texas's BINDING EFFECT OF PARTNER'S ACTION. (a) Unless law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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