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    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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