Multiple Choice
Which of the following is true about the effect of purported partnerships?
A) Purported partners share profits of the business.
B) A purported partner does not have authority to make contracts for the partnership.
C) A purported partner is liable on contracts entered into by third parties on their belief that he is a partner.
D) A purported partner is not liable for the torts committed in the course of relationships entered by third parties who believed he was a partner.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Which of the following is an advantage
Q8: A partner's contribution is called _.<br>A)partnership property<br>B)partnership
Q9: Dr.Matt Fornfeld,a physician practicing as a sole
Q10: Which of the following statements about a
Q11: Which of the following is true of
Q13: Loans made by partners to a partnership
Q14: The equity of a partnership is called
Q15: As demonstrated in the case in the
Q16: Which of the following is an advantage
Q17: A mining partner's interest is:<br>A)nontransferable.<br>B)freely transferable.<br>C)partially transferable.<br>D)dissolved