A registration certificate for a partnership's fictitious name contained the names of Barry,Boyd,and Swartz.Cruise extended credit to the firm in reliance in part on the certificate that named Swartz as a partner.Swartz,in fact,had no knowledge of the certificate and never had agreed to be a partner.Because of Cruise's reliance on the certificate and the statement that Swartz was a partner,Swartz has a partner's liability insofar as Cruise is concerned.

Question

Quizplus · Accepted Answer

Swartz did not actually agree to be a partner, so he cannot be held liable as a partner for the partnership's debts. Cruise's reliance on the incorrect certificate does not change this fact.

A Registration Certificate for a Partnership's Fictitious Name Contained the Names