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Which of the following is true about reliance resulting in a transaction with a partnership? Multiple Choice A purported partner is liable to the other
Which of the following is true about reliance resulting in a transaction with a partnership? Multiple Choice A purported partner is liable to the other person who appears to be hisher partner. A purported partner is liable only to those persons who rely on the appearance of the partnership. If a person poses as a purported partner, the other partner has to pay damages to the third party. A purported partner is not liable to the third parties who rely on him or her and enter into a transaction.
Which of the following is true about reliance resulting in a transaction with a partnership?
Multiple Choice
A purported partner is liable to the other person who appears to be hisher partner.
A purported partner is liable only to those persons who rely on the appearance of the partnership.
If a person poses as a purported partner, the other partner has to pay damages to the third party.
A purported partner is not liable to the third parties who rely on him or her and enter into a transaction.
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ACC 120 Wake Tech Financial Accounting W Connect Plus Access
Authors: J. David Spiceland
1st Edition
1308168926, 978-1308168920
