Question

A partner by holding out is :

A a partner to arrange the capital for the firm Correct Answer Incorrect Answer
B a partner to share in profit of firm Correct Answer Incorrect Answer
C a person liable for the loss of the firm Correct Answer Incorrect Answer
D a person liable to another who incurs liability believing him as a partner Correct Answer Incorrect Answer

Solution

A partner by holding out means a person who is not a member of firm but allows himself/herself to be represented as a partner.

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