Essay
Jane and Ridge are partners in a computer animation firm.Jane retires from the firm,but tells Ridge that he can leave her name on the entrance door to the firm and in the telephone listing.Alex,a new client,visits the firm after telephoning the firm.Alex has seen Jane's name listed in the phone book along with Ridge's and the firm's names.He also sees Jane's name on the entrance door to the firm.Believing Jane is a partner with Ridge,Alex contracts to have the firm develop animation for his upcoming film.Ridge,however,never performs the contract.Alex sues Ridge and Jane.Is Jane liable to Alex?
Correct Answer:
Verified
Yes.Jane and Ridge are purported partner...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q33: No formalities are required in order to
Q34: The sale of a partner's transferable interest
Q35: Which of the following is incorrect concerning
Q36: Which of the following statements about a
Q37: As of December 2014,_ states plus the
Q39: The charging-order creditor is a lien creditor
Q40: An order charging all or part of
Q41: Mike,Randy,and Steve are partners of a partnership.Mike
Q42: Individuals in a valid general partnership are
Q43: Which of the following is true about