A partner by estoppel is someone who represents themselves as a partner or consents to others representing them as a partner. They can become liable like an actual partner if they make this representation publicly or privately to someone who then gives credit to the partnership based on this representation. Their liability depends on whether an actual partnership liability results from the representation and whether others have also consented to similar representations.
A partner by estoppel is someone who represents themselves as a partner or consents to others representing them as a partner. They can become liable like an actual partner if they make this representation publicly or privately to someone who then gives credit to the partnership based on this representation. Their liability depends on whether an actual partnership liability results from the representation and whether others have also consented to similar representations.
A partner by estoppel is someone who represents themselves as a partner or consents to others representing them as a partner. They can become liable like an actual partner if they make this representation publicly or privately to someone who then gives credit to the partnership based on this representation. Their liability depends on whether an actual partnership liability results from the representation and whether others have also consented to similar representations.
spoken or written or by conduct (1) represents himself as a partner or (2) consents to another representing him to anyone as a partner: (1) In an existing partnership; or (2) With one or more persons not actual partners [Art. 1825, par. 1]. LIABILITY OF A PARTNER BY ESTOPPEL PERSONAL REPRESENTATION A partner by estoppel is liable to any such persons: (1) To whom such representation has been made; and (2) Who has, on the faith of such representation, given credit to the actual or apparent partnership [Art. 1825, par. 1]. PUBLIC REPRESENTATION If he has made such representation or consented to its being made in a public manner, whether the representation has or has not been (personally) made or communicated to such persons so giving credit by or with his knowledge, and: (1) Partnership liability results, he is liable as though he were an actual member of the partnership. (2) No partnership liability results, he is liable pro rata with the other persons, if any, so consenting to the contract or representation. (3) When there are no such other persons, he is separately liable [Art. 1825, par. 1]