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Who is liable for the debts

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Reference no: EM133420289

Question: David operates a basketball club for underprivileged teenagers in an inner-city suburb. Each player pays a membership fee, or a service blub pays it. The treasurer disappears with all the funds, leaving the club with debts of $12,000. Who is liable for the debts? Would your answer be different if the club was an incorporated association? If so, how and Why?

 

 

Reference no: EM133420289

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