Partnership by Estoppel Is a Way That a Person May

question 45

Multiple Choice

Partnership by estoppel is a way that a person may be held liable as a partner

• A) because they have done business with the partnership
• B) without actually being named as a partner in a partnership agreement.
• C) by common law agency principals
• D) under federal law
• E) due to the appearance of a partnership created in an online deal

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Definitions:

Consumer Price Index (CPI)

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate the cost of living.

Inflation Rate

The percentage increase in the general level of prices for goods and services in an economy over a period of time.

Gross Domestic Product (GDP)

The market value of all final goods and services produced in the nation during a particular period, usually a year.

Social Welfare

Programs and policies designed to provide support for the well-being of individuals and communities, including healthcare, education, and financial aid.