Question

What is a partner by estoppel?

Answer 1

Answer:

Partnership by estoppel

Legally binding partnership that may arise where, in fact, no formal partnership agreement is in effect. 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.

Answer 2

Answer:

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.