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Question
Holly holds herself out as the managing partner of Interstate Investments, a partnership, even though she has no connection to the firm, and obtains a loan based on this misrepresentation. Holly's default on the loan results ina. Holly and Interstate's joint liability for the amount.
b. Holly's sole liability for the amount.
c. Interstate's sole liability for the amount.
d. neither Holly's nor Interstate's liability.
Answer
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Related questions
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Fact Pattern 41-1
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Fact Pattern 41-1
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