A Registration Certificate for a Partnership's Fictitious Name Contained the Names

question 20

True/False

A registration certificate for a partnership's fictitious name contained the names of Barry,Boyd,and Swartz.Cruise extended credit to the firm in reliance in part on the certificate that named Swartz as a partner.Swartz,in fact,had no knowledge of the certificate and never had agreed to be a partner.Because of Cruise's reliance on the certificate and the statement that Swartz was a partner,Swartz has a partner's liability insofar as Cruise is concerned.

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Definitions:

Median

Value of a variable that splits a distribution of scores in half, with the same number of scores above the median as below.

Standard Deviation

A statistic used to determine the degree of spread or variation among data values in a series.

Bimodal

Describes a distribution or data set that has two distinct modes or peaks in its frequency of occurrence.

Parameter

A numerical characteristic of a population, such as mean or standard deviation, that can be estimated by statistics calculated from a sample.