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Mindmap

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Siddhi Rumale Englisch

Inhalt der Mindmap

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  1. a person representing himself as a partner

    • or knowingly permits himself as a partner
      • is liable like other partners
        • conditions for liability
          • active representation
            • words wriiten/ spoken/ or by conduct represented himself
          • tacit representation
            • must have knowingly permitted himself
          • 3rd party should've acted in good faith of him and given credit to the firm
    • to anyone who has given credit to the firm based on good faith
    • is treated as a partner by holding out only for THAT contract
    • for fixing liability on him, not necessary to show that he was motivated by a fraudent intention
  2. exceptions

    • after the death of a partner, even those firm is carried on under his name, his legal representatives and his estate is not liable whatsoever
    • not applied when he becomes insolvent
    • not applied in cases of tort by other partners

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Beschreibung
Mindmap am Enter text here, erstellt von Siddhi Rumale am 23/05/2021.
Erstellt von
Siddhi Rumale
Aufrufe
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