Question

A partner who acts and behaves like a partner, but he is not a partner of the firm. Answer in a word / phrase / term.

Answer 1

Hey mate ✌️✌️


A partner who acts and behaves like a partner, but he is not a partner of the firm.⤵️⤵️⤵️⤵️


Virtual Partner.

Answer 2

A partner that acts and behaves like a partner, but is not a partner of the firm is known as partner by Estoppel.

• An estoppel partner is the person giving others an impression that they are a company partner by their own initiative actions or conduct.
• A partner who is not in fact a member of the firm bur is regarded by estoppel as a partner to the outside world that he is a partner in the firm.
• Those individuals are liable to outsiders as partners because outsiders have given the credit to the company on the basis of their representation