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All of the Following Conditions Must Exist for Partnership by Estoppel

Question 14

Multiple Choice

All of the following conditions must exist for partnership by estoppel to exist EXCEPT


A) one partner agrees not to share in the profits of the enterprise.
B) participants tell other people they are partners even though they are not.
C) a third party believes and relies upon the assertion that participants are partners.
D) a third party suffers harm because he or she believed a partnership existed.

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