Question

Difference between partner by holding out and estoppel

Answer 1

Explanation:

Partner by Estoppel : He is a person who by his words (spoken or written) or conduct represents himself as a partner. Such a partner becomes liable to those who advance money to the firm under the impression that he is a partner in the firm

Answer 2

Explanation:

a partner by estoppel is someone who is not a partner of a firm but allows other to think that he is a partner, through his behaviour or conduct.

a partner by holding out someone who is not a partner of a firm , but knowingly allows the firm to project to other that he is a partner of the firm