Partners who are partners as to each other are partners as to third persons.Group of answer choicesTrueFalse

The statement "Partners who are partners as to each other are partners as to third persons" is True.

Explanation:

In partnership law, the relationship between partners extends to interactions with third parties. When individuals form a partnership, they create a legal entity that governs their relationship and defines their responsibilities towards each other and third parties. Therefore, if two individuals are partners with respect to one another, they are also recognized as partners in their dealings with others. Third parties dealing with the partnership may rely on the partnership's existence when conducting business or transactions, which further solidifies the partners' obligations to third parties. This principle reinforces the concept of mutual agency inherent in partnerships, where each partner can bind the partnership and the other partners to agreements made within the scope of their business activities.