Question

A person who represents himself to be a partner but in reality he is not so, is known as a: (a) Inactive partner (b) Partner by estoppel (c) Partner by default (d) Legal partner

Answer 1

$\huge\bf{hey\:mate..!}$

$\small\bf{b)Partner\:by\:estoppel}$

thanks :)

Answer 2

Partner by estoppel means a person who is not an actual partner of a firm but he or she can be held accountable for recovering any debts owed to a third party or damages incurred by a business.

• There is no legal agreement or a formal meeting.
• A person who acts as a partner of a particular form or allows others to represent him as a partner can be held liable for loans that are obtained by the firm.
• It is also known as the presumption of partnership.