CBSE BOARD XII, asked by sonianivatkar3651, 1 year ago

Differencebeetween partner by estoppel hoding out and nominal partner

Answers

Answered by maheshrai1
2
Partner by Holding Out is a person who is not a partner in a firm but intentionally or deliberately allows himself/herself to be represented as a partner of the firm. Suchpartners are held liable to the outsiders for any credit or debts extended to the firm on the basis of such representation
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Answered by Anonymous
0

Answer:

Partner by Holding Out is a person who is not a partner in a firm but intentionally or deliberately allows himself/herself to be represented as a partner of the firm. Suchpartners are held liable to the outsiders for any credit or debts extended to the firm on the basis of such representation

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