Business Studies, asked by muskan7976, 11 months ago

what is meant by 'partner by estoppel'? explain.

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Answered by adi9898

5

Answer:

partnership by estoppel. ... 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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