Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Employment Law for Human Resource Practice

Authors: David J. Walsh

4th edition

1111972192, 978-1133710820, 1133710824, 978-1111972196

More Books

Students also viewed these Law questions

Question

Armed conflicts.

Answered: 1 week ago

Question

Pollution

Answered: 1 week ago