Solved

A Registration Certificate for a Partnership's Fictitious Name Contained the Names

Question 22

True/False

A registration certificate for a partnership's fictitious name contained the names of Barry, Boyd, and Swartz. Bank or America extended credit to the firm in reliance in part on the certificate that named Swartz as a partner. Swartz, in fact, had no knowledge of the certificate and never had agreed to be a partner. Because of BOA's reliance on the certificate and the statement that Swartz was a partner, Swartz has a partner's liability insofar as Cruise is concerned.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions