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:

Recall

The mental process of retrieving information or events from the past without being explicitly prompted.

Storage

The process of retaining encoded information over time.

Encoded Information

Information that has been converted into a form, code, or language that can be processed and stored by a system or brain.

Persistence

The quality of continuing steadily despite problems or difficulties; a determination to keep going until an objective is achieved.