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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
- active representation
- conditions for liability
- is liable like other partners
- 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
- or knowingly permits himself as a partner
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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- Mind Map on Enter text here, created by Siddhi Rumale on 23/05/2021.
- Created by
- Siddhi Rumale
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