Examlex

Solved

Which of the Following Describes the Imposing of Partnership Duties

question 11

Multiple Choice

Which of the following describes the imposing of partnership duties and liabilities upon a person who is not a partner in an existing partnership by reason of his consenting to representation that he is a partner?


Definitions:

Shortage

A scenario in which the need for a product or service surpasses the available supply within a market.

Payday Lending

A type of short-term borrowing where lenders offer high-interest loans based on the borrower's income and credit profile.

Interest Rates

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, or the rate at which interest is paid by bond issuers on the bond’s face value.

Military Bases

Facilities established by the military for housing troops, storing equipment, and training personnel, often strategically located.

Related Questions