Jack and Diane decided to go into partnership for a manufacturing business. Jack raised $250,000 in start-up funds, in large part on the basis of documents that he forged. These documents purported to show that Jack and Diane owned their factory, when in fact they merely leased it. Jack spent all of the money on himself, and he now has no assets and has been jailed for 10 years. The creditors have contacted Diane and told her they will hold her liable for the loss.

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The Answer of Jack and Diane decided to go into partnership for a manufacturing business. Jack raised $250,000 in start-up funds, in large part on the basis of documents that he forged. These documents purported to show that Jack and Diane owned their factory, when in fact they merely leased it. Jack spent all of the money on himself, and he now has no assets and has been jailed for 10 years. The creditors have contacted Diane and told her they will hold her liable for the loss.

Jack and Diane Decided to Go into Partnership for a Manufacturing