Apr 22 , 2016

Tampa School of Real Estate

Ostensible Partnership

Definition:   one or more parties cause a third party to be deceived into believing that a business relationship exists when no such relationship exists

Pronunciation:   \ä-ˈsten(t)-sə-bəl, ə-\\ˈpärt-nər -ˌship\

Used in a Sentence:    An ostensible partnership was created when the two brokers worked in the same office but did not have separate signs.

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