Question

After retiring from Jones Corp., a partnership founded by Megan Jones and other partners, Megan grew tired of staying at home and started visiting the firm's place of business. The other partners would introduce her to prospective customers as "My partner, Ms. Jones," or "Our partner, Ms. Jones." Megan did not bother to correct anybody about this. She was introduced in this manner to Tiffany, a new customer. Relying on the idea that Megan was a partner, Tiffany entered into a contract with Jones Corp. Which of the following statements is true of Megan if Jones Corp. does not fulfill its obligations?

A. Megan will not be liable as she did not make any claims to partnership.
B. Megan will be liable because she failed to correct the statement when she was being introduced as a partner.
C. The partner who introduced Megan will be liable, but Megan will not be liable.
D. Megan will not be liable as she has withdrawn from the partnership agreement by retiring and she is no more an actual partner.

Answer 1

Megan will not be liable as she did not make any claims to partnership ( A )

Step-by-step explanation:

After retiring from Jones Corp Megan can be fondly(unofficially) called our partner or my partner by her former partners/colleagues and cannot be held liable by law. therefore if Jones Corp does not fulfill an obligation/business to a client whom Jones Corp introduced Megan to as a partner Megan cannot be held responsible as a partner this is because she did not formally claim to be a Partner WHEN INTRODUCED TO THE CLIENT.

It is the duty of an client or customer to perform due diligence before investing or going into business with any organization.

Answer 2

The Correct option is "B"

Step-by-step explanation:

Any person who by arguments verbal or written or by behavior characterize himself, or wittingly documents himself to be drawn, to be a companion in a very secure, is responsible as a companion in this organization to any person who has on the religion of one such illustration specified credit to the organization, whether or not the individual signifying himself or drawn to be a companion will or doesn't understand that the illustration has extended the individual therefore providing credit.