Professional Documents
Culture Documents
Meaning and effect of estoppel – Estoppel is a bar which precludes a person from denying or
asserting anything contrary to that which has been established as the truth by his own deed
or representation, either express or implied.
When a person a partner by estoppel – A person not a partner may become a partner by
estoppel, and thus be held liable to third persons as if he were a partner, when by words or
by conduct he:
a. Directly represents himself to anyone as a partner in an existing partnership or in a
non-existing partnership (with one or more persons not actual partners); or
b. Indirectly represents himself by consenting to another representing him as partner
in an existing partnership or in anon-existing partnership.
When partnership liability result – If all the actual partners consented to the representation.
The person becomes an agent of the partnership.
When liability pro rata – When there is no existing partnership and all those represented as
partners consented to the representation
When liability pro rata – Not all of the partners of an existing partnership consented to the
representation.
When liability separate – When there is no existing partnership and not all but only some of
those represented as partners consented to the representation.
When liability separate – None of the partners in an existing partnership consented to such
representation.
Estoppel does not create partnership – Liability is created only in favor of persons who on
the faith or representation, gave credit to the actual or apparent partnership.
Partner by Estoppel
https://www.scribd.com/presentation/499799811/article-1825-1827
https://www.youtube.com/watch?v=xierIz-dWW0
https://www.youtube.com/watch?v=oO_aGke_4DQ&t=1031s