Under the RUPA,a person will be a purported partner and have liability when three elements of section 308(a)are met.Which of the following is not one of those elements?
A)A person purports to be or consents to being represented as a partner of another person or partnership.
B)A third party relies on the representation.
C)A third party suffered actual,tangible harm.
D)A third party transacts with the actual or purported partnership.

Question

Quizplus · Accepted Answer

The liability of a purported partner is based on substantial,detrimental reliance on the appearance of partnership.A person will be a purported partner and have liability when the three elements of RUPA Section 308(a)are met: (1)a person purports to be or consents to being represented as a partner of another person or partnership, (2)a third party relies on the representation,and (3)the third party transacts with the actual or purported partnership.

Under the RUPA,a Person Will Be a Purported Partner and Have