152.307 – EXTENSION OF CREDIT IN RELIANCE ON FALSE
Texas Business Organizations Code § 152.307
Summary
This law addresses the rights of individuals or entities extending credit based on false representations. It clarifies that such rights are governed by laws outside of the partnership provisions, including principles like estoppel and fraud.
Rights of credit extenders depend on laws beyond partnership provisions.
Applicable laws include estoppel, agency, and fraud.
Liabilities are also determined by external legal standards.
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In simple terms: Learn about Texas's EXTENSION OF CREDIT IN RELIANCE ON FALSE law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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