Corbin,a partner in Dentists & Orthodontists Clinic,applies for a loan with Evermore Bank allegedly on the firm's behalf but without the authorization of the other partners.Evermore knows that Corbin is not authorized to take out the loan.If Corbin defaults on the loan,liability for its unpaid amount will be imposed on

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Since Corbin applied for the loan without the authorization of the other partners, the liability for the unpaid amount will be imposed on him alone. Evermore Bank already knew that Corbin was not authorized to take out the loan, so they cannot be held responsible for any default on the loan. The other partners of Dentists & Orthodontists Clinic (Doctors) are also not liable since they did not authorize the loan. Therefore, Corbin will be solely responsible for repaying the loan if he defaults.

Corbin,a Partner in Dentists & Orthodontists Clinic,applies for a Loan