Sebastian was the manager of Thai Bistro,a restaurant specializing in Southeast Asian foods.Sebastian opened a bank account in Thai Bistro's name,signing the account signature card as "owner." Umeko,who was often at Thai Bistro and had free access to its office,told others that she was "an owner" and "a partner." She also opened a bank account in Thai Bistro's name,and signed the account signature card as "owner." Sebastian told Vijay,the owner of Wong Noodles,Inc.,that Umeko was a member of a partnership that owned Thai Bistro.On this basis,Wong Noodles delivered its goods to Thai Bistro on credit.In reality,Thai Bistro was actually owned by a corporation.When the unpaid account totaled more than $10,000,Wong Noodles filed a suit against Umeko to collect.On what basis might Umeko be liable for the debt
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q32: Commercial Credit & Finance is a limited
Q33: Round-Up Ranch and Smith & Jones,Accountants,are limited
Q34: Pualani and Quentin do business as partners
Q35: Corbin,a partner in Dentists & Orthodontists Clinic,applies
Q36: Fact Pattern 30-1B (Questions B10-B13 apply)
Bryn,Cornell,and Duke
Q37: Fact Pattern 30-1B (Questions B10-B13 apply)
Bryn,Cornell,and Duke
Q38: Nazih and Ovidia are limited partners in
Q39: Buckley is a general partner in Cut-Rate
Q40: Noah and Orin do business as partners
Q72: Fresco and Garcia form a partnership-HVAC Pros.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents