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Fact Pattern Luann and Mace Are Partners in Networx,a Computer Peripherals Firm

question 41

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Fact Pattern
Luann and Mace are partners in Networx,a computer peripherals firm.
-Refer to Fact Pattern 17-2A.Mace dissociates from Networx.Luann signs a contract with Physik Drives,a wholesale component supplier,apparently on Networx's behalf.Physik does not know of Mace's dissociation.The contract is binding on


Definitions:

Biconditional

A logical statement of the form "if and only if", showing that both conditions must be true or both false.

Biconditionals

Statements that are true only if both components are either true or false together, often expressed as "if and only if."

Conjunction

In logic, an operator that connects two statements or propositions so that the resulting statement is true only if both components are true.

Disjunction

A logical operation yielding a true value if at least one of its operands is true.

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