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Dean, a partner in Equipment Sales, applies for a loan with Farmers Bank allegedly on Equipments behalf but without the authorization of the other partners.

Dean, a partner in Equipment Sales, applies for a loan with Farmers Bank allegedly on Equipments behalf but without the authorization of the other partners. The bank knows that Dean is not authorized to take out the loan. Liability in the event of default will be imposed on

a.

none of the choices.
b.

Equipment.
c.

Farmers Bank.
d.

Dean.

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