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Treating Manager as Partner

Partner by ho...

Question

Partner by holding out is known as ______________.

A

active partner

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B

dormant partner

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C

partner by estoppel

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D

partner by stoppage

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Solution

The correct option is D partner by estoppel
Partner by holding out is also known as partner by estoppel. If a person by his words or conduct, holds out to another that he is a partner of the firm the person is thus responsible to third parties to pay the debts of the firm.

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