Business Studies, asked by vinaysamar, 11 months ago

Who is a partner by Estoppel?

Answers

Answered by harshbeerkaur4

9

Answer:

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.

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