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Source Partner Authority and Liability Wisconsin Bar Exam Topic Index Matched to this deck.

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A partnership records a certified statement in county land records saying Partner lacks authority to sell partnership real property without written consent. Partner later signs a warehouse sale contract with a buyer who did not check the records.
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A recorded statement affects only inventory purchases and never real property. A recorded statement automatically terminates the partnership. A recorded authority limit has no possible effect because every partner can always sell partnership land alone. A recorded statement limiting a partner's authority to transfer partnership real property can give constructive notice to buyers under statutory rules.

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