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:

Verified
Correct Answer:
Verified
Q17: A partner is an agent of the
Q18: In some instances, persons who are in
Q19: Under the UPA, and absent an agreement,
Q20: When a partner executes an agreement outside
Q21: All the following are characteristics of a
Q23: After the dissolution of a partnership, partners
Q24: The fact that the parties share profits
Q25: The vested rights of partners are not
Q26: When the dissolution of a partnership has
Q27: Bankruptcy of only one of the partners