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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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