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Use the Fact Situation in Q6 to Answer the Related

Question 2

Multiple Choice

Use the fact situation in Q6 to answer the related question that follows. The liability that arises in this case is based on the principle that


A) each partner is an agent of the partnership.
B) a partnership is bound by the acts or omissions of its partners.
C) it is the duty of the partnership to notify customers of the resignation of a partner.
D) partners are jointly liable for the contracts of the partnership.
E) all of the above

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