Business Studies, asked by Praveengrandhi, 1 year ago

What is meant by partner by holding out

Answers

Answered by ashnashameer
2
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 loan obtained by firm on the basis of such representation.it is also called presumption of partnership.partner by holding out.
   
ashnashameer: hope it will help u.
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