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You set up a consulting business with your classmates Betty and Cindy. The new business was a partnership. Betty entered into a contract with the

You set up a consulting business with your classmates Betty and Cindy. The new business was a partnership. Betty entered into a contract with the local office supplies company to supply paper and pens to be used in the office. The consulting business failed. Explain whether you and Cindy are liable for the contract negotiated by Betty.

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