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Drew is a member of a partnership that sells petroleum drilling equipment. The partnership has a policy of not extending credit to customers in excess
- Drew is a member of a partnership that sells petroleum drilling equipment. The partnership has a policy of not extending credit to customers in excess of $20,000 without the approval of three partners.Drew, on his own, extended credit to a good customer in the amount of $30,000.Drew will be personally responsible for the loan. True or False
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