what is partnership by holding out.?
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Partnership by holding out means when a person knowingly permits others to represent himself to be a partner of a firm and does not do anything to stop such representation at the relevant time. The liability for the act of such person, would only be limited to such representation and cannot be unlimited.
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Similarly, Partnership by holding out means, when a person knowingly permits others to represent himself to be partner of a firm and does not do anything to stop such representation at the relevant time. .... The liability for the act of such person, would only be limited to such representation and cannot be unlimited.
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