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Bizhelp, CPA
Category: Homework
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Experience:  Bachelors Degree and CPA with Accounting work experience
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Carl holds himself out as a partner of Delta Associates, a

Resolved Question:

Carl holds himself out as a partner of Delta Associates, a partnership, even though he has no connection to the firm. Carl obtains a loan based on the misrepresentation. Carl's default on the loan results in
A. Carl and Delta's joint liability for the amount.
B. Carl's sole liability for the amount.
C. Delta's sole liability for the amount.
D. Neither Carl's nor Delta's liability
Submitted: 4 years ago.
Category: Homework
Expert:  Bizhelp replied 4 years ago.

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