FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. A, B and C are partners in ABC Company. D represented himself as a partner in the partnership to E who, on the belief

. A, B and C are partners in ABC Company. D represented himself as a partner in the partnership to E who, on the belief of such representation, extendedcredit of P50,000.00 to the partnership. Assuming only B and C consented to such representation, who shall be liable to E?

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 Business

Employment Law for Business

Authors: Dawn D. Bennett Alexander, Laura P. Hartman

9th edition

1259722333, 978-1259722332

More Books

Students also viewed these Law questions

Question

★★★★★
On December 31, 2017, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair...

Answered: 1 week ago

Question

★★★★★
During 2022, its first year of operations as a delivery service, Whispering Winds Corp. entered into the following transactions. 1. 1. 2. 3. 4. 5. Issued shares of common stock to investors in...

Answered: 1 week ago

Question

★★★★★
The time, in hours, that a student needs to complete a Mathematics exam is a random variable X with density function What is the expected value and the variance of X? f(x) = = { 0, 6(x 1)(2x), 1

Answered: 1 week ago

Question

★★★★★
Prepare common-sized balance sheets and income statements for Just for Feet for the period 19961998. Also compute key liquidity, solvency, activity, and profitability ratios for 1997 and 1998. Given...

Answered: 1 week ago

Question

★★★★★
IN C++ Design a class named LinearEquation for a 2 2 system of linear equations: ed bf ad-be ax+by = e cx + dy=f ad bc The class contains: Private data fields a, b, c, d, e, and f. A constructor with...

Answered: 1 week ago

Question

★★★★★
You can develop your personal finance skills by conducting an Internet search for related articles. Find a recent online article about personal finance that reinforces one or more concepts covered in...

Answered: 1 week ago

Question

★★★★★
A company had the following purchases during the current year: January: 10 units at $120 February: 20 units at $125 May: 15 units at $130 September: 12 units at $135 November: 10 units at $140 On...

Answered: 1 week ago

Question

★★★★★
Gamma Manufacturing has prepared the following flexible budget for October and it is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable...

Answered: 1 week ago

Question

★★★★★
What is the role of the customer in service operations? A.) They facilitate collaboration between suppliers B.) They are responsible for majority of fixed costs. C.) They are a supplier of process...

Answered: 1 week ago

Question

★★★★★
A contract to purchase a year of business consulting has a base price of $25,000 but also includes a bonus of $5,000 if the company's performance metrics improve by 10%. Due to the extensive amount...

Answered: 1 week ago

Question

★★★★★
Cando Manufacturing Inc. (CMI) produces toys for small children. CMI's schedule of cost of goods manufactured for 2023 is as follows: Direct materials used $ 58,000 Direct labour 95,000 Manufacturing...

Answered: 1 week ago

Question

★★★★★
Cost of Goods Sold Beginning Inventory $63,000 Add: Purchases $25,000 Less: Purchase Discounts $2,500 Purchase Returns and Allowances $1,500 Net Purchases $21,000 Freight-in $8,000 Cost of Goods...

Answered: 1 week ago

Question

★★★★★
Suppose the following data was reported for the economy of Maryhill in 2014. Other factor incomes $570 Indirect taxes 230 Depreciation 250 Wages, salaries, and supplementary labour income 1,350...

Answered: 1 week ago

Question

★★★★★
3. Imagine three people you know relatively well. Consider which of the five positions they often use in the conversations they engage in with other people.

Answered: 1 week ago

Question

★★★★★
4. Select a person you want to model. Choose what you want to model in this person, such as relationship skills. a. Observe what he does and how he does this in relationships with others. b. Try to...

Answered: 1 week ago

Question

★★★★★
2. Start with a person you want to model. a. Use the five positions to investigate how this person positions himself in relation to others, i.e. how he uses the five positions in his interaction with...

Answered: 1 week ago

Previous Question Next Question