If Carol Introduces Mary to a Client as a Partner

question 144

True/False

If Carol introduces Mary to a client as a partner in circumstances where it is reasonable for the client to believe that there is a business relationship between them (although there is not),Mary will not be able to deny it later if the client sues her as a partner because a partnership has been formed by estoppel.

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Definitions:

Demand Side

Refers to the consumers or buyers in an economy, focusing on their behavior and how their decisions affect market demand for goods and services.

Supply Side

Economic policies or theories emphasizing production incentives, tax reductions, and deregulation to drive economic growth by increasing supply.

Land's Rent

The price paid for the use of land or real estate, reflecting its productivity or utility in generating income.