Question

Q Difference between nominal partner and partner by holding out and partner by estopel

Answer 1

HERE IS YOUR ANSWER..⬇⬇

$Difference \: between \: nominal \: partner \: \\ and \: partner \: by \: holding \: out \: and \: partner \: \\ by \: estopel \: : -$

$A \: nominal \: partner \: is \: one \: who \: allows \: \\ the \: use \: of \: his \: or \: her \: name \: by \: the\: firm \: \\ but \: doesnot \: contribute \: to \: its \: capital \: .He \: \\ or \: she \: doesnot \: take \: any \: part \: of \: business \: \\ activities \: .$

$A \: partner \: by \: holding \: out \: is \: a \: person \: \\ who \: though \: is \: not \: a \: partner \: in \: a \: firm \: \\ but \: knowingly \: allows \: himself \: or \: \\ herself \: to \: be \: represented \: as \: a \: partner \: \\ in \: the \: firm \: .$

$A \: person \: is \: considered \: a \: partner \: \\ by \: estopel \: if \: through \: his \: or \: her \: \: \\ own \: initiative ,\: conduct \: or \: behaviour \: \\ he \: or \: she \: given \: an \: impression \: to \: \\ others \: that \: he \: or \: she \: is \: a\: partner \: \\ of \: the \: firm \: .$

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Answer 2

Answer:

Differencebetweennominalpartner

andpartnerbyholdingoutandpartner

byestopel:−

$\begin{lgathered}A \: nominal \: partner \: is \: one \: who \: allows \: \\ the \: use \: of \: his \: or \: her \: name \: by \: the\: firm \: \\ but \: doesnot \: contribute \: to \: its \: capital \: .He \: \\ or \: she \: doesnot \: take \: any \: part \: of \: business \: \\ activities \: .\end{lgathered}$

Anominalpartnerisonewhoallows

theuseofhisorhernamebythefirm

butdoesnotcontributetoitscapital.He

orshedoesnottakeanypartofbusiness

activities.

$\begin{lgathered}A \: partner \: by \: holding \: out \: is \: a \: person \: \\ who \: though \: is \: not \: a \: partner \: in \: a \: firm \: \\ but \: knowingly \: allows \: himself \: or \: \\ herself \: to \: be \: represented \: as \: a \: partner \: \\ in \: the \: firm \: .\end{lgathered}$

Apartnerbyholdingoutisaperson

whothoughisnotapartnerinafirm

butknowinglyallowshimselfor

herselftoberepresentedasapartner

inthefirm.

$\begin{lgathered}A \: person \: is \: considered \: a \: partner \: \\ by \: estopel \: if \: through \: his \: or \: her \: \: \\ own \: initiative ,\: conduct \: or \: behaviour \: \\ he \: or \: she \: given \: an \: impression \: to \: \\ others \: that \: he \: or \: she \: is \: a\: partner \: \\ of \: the \: firm \: .\end{lgathered}$

Apersonisconsideredapartner

byestopelifthroughhisorher

owninitiative,conductorbehaviour

heorshegivenanimpressionto

othersthatheorsheisapartner

ofthefirm.

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