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1. If a partner makes a loan under the name of the firm, the other partners are also liable for the payment of the loan.
1. If a partner makes a loan under the name of the firm, the other partners are also liable for the payment of the loan. A. True. B. False. 2. Generally, a partner is the agent of his partner and thereby his act will bind to the other partner or partners. A. True. B. False. 3. A partnership needs to be formed inblack and white. A. True. B. False. 4. A partner can be charged for acrime committed by his partner. A. True. B. False
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