What do you mean by partner by estoppel?
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ᴘᴀʀᴛɴᴇʀsʜɪᴘ ʙʏ ᴇsᴛᴏᴘᴘᴇʟ. ... ᴀ ᴘᴇʀsᴏɴ ᴡʜᴏ ʙʏ ᴄᴏɴᴅᴜᴄᴛ ᴏʀ ᴡᴏʀᴅs ʀᴇᴘʀᴇsᴇɴᴛs, ᴏʀ ᴀʟʟᴏᴡs ʜɪᴍ/ʜᴇʀsᴇʟғ ᴛᴏ ʙᴇ ʀᴇᴘʀᴇsᴇɴᴛᴇᴅ, ᴀs ᴀ ᴘᴀʀᴛɴᴇʀ ɪɴ ᴀ ғɪʀᴍ ɪs ʟɪᴀʙʟᴇ ғᴏʀ ᴛʜᴇ ᴄʀᴇᴅɪᴛ ᴏʀ ʟᴏᴀɴs ᴏʙᴛᴀɪɴᴇᴅ ʙʏ ғɪʀᴍ ᴏɴ ᴛʜᴇ ʙᴀsɪs ᴏғ sᴜᴄʜ ʀᴇᴘʀᴇsᴇɴᴛᴀᴛɪᴏɴ. ᴀʟsᴏ ᴄᴀʟʟᴇᴅ ᴘʀᴇsᴜᴍᴘᴛɪᴏɴ ᴏғ ᴘᴀʀᴛɴᴇʀsʜɪᴘ.
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Explanation:
A person who by conduct or words represents, or allows him/herself to be represented, as a partner in a firm is liable for the credit or loans obtained by firm on the basis of such representation. Also called presumption of partnership.....
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