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?

• A) Partnership by estoppel.
• B) Delectus personae .
• C) A fiduciary duty.
• D) Torts of partnership.

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Definitions:

Macroeconomic Equilibrium

Occurs when aggregate demand equals aggregate supply in an economy, resulting in stable prices, full employment, and balanced economic growth.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given period.

Quantity Supplied

The total amount of a specific good or service that producers are willing and able to sell at a given price over a certain period of time.

Real Gross Domestic Product

Real Gross Domestic Product (Real GDP) measures the value of all goods and services produced by an economy over a specific period, adjusted for inflation, reflecting the actual growth in economic output.