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 was 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
Q4: A _ is owned by shareholders who
Q5: Which of the following is NOT an
Q22: Jane and Ridge are partners in a
Q23: A _ is found when an arrangement
Q32: Although not required,a partnership agreement is highly
Q35: Which of the following is incorrect concerning
Q45: A _ has one or more general
Q69: Selena joins Kona's management consulting business.They do
Q79: A limited partner in a limited partnership
Q80: The sole proprietor has the right to