A person who obtains credit for a partnership may make themselves liable to the supplier by 'holding out.'

Name: A person who obtains credit for a partnership may make themselves liable to the supplier by 'holding out.'
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Question

Quizplus · Accepted Answer

Holding out refers to the behavior of presenting oneself or allowing oneself to be presented as a partner in a partnership. It can create liability for the person holding out, even if they are not actually a partner, including liability for credit obtained on behalf of the partnership.

A Person Who Obtains Credit for a Partnership May Make