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Dissolution of Partnership vs Firm

A person is l...

Question

A person is liable as a partner of a firm on the principle of holding out where he....

A

declare himself to be a partner of the firm

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B

represent himself to be a partner of the firm

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C

knowingly permit others to represent him as a partner.

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D

all the cases

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Solution

The correct option is B represent himself to be a partner of the firm
Option B is the correct answer.

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Similar questions

Q. Rohit is not a partner in a particular firm. But, he represents himself or knowingly permits himself to be represented as a partner of that particular firm to Sanjay, who on the faith of such a representation gives credit to the firm. Is Rohit liable as a partner in the firm?

Q. The law relating to partners by holding out is contained in Section

28

, which lays down thus: "Anyone who by words, ________ represents himself, or knowingly permits himself to be represented to be a partner in a firm, is liable as a partner in that firm to anyone who has on the faith of any such representation given credit to the firm, whether the person representing himself or represented to be a partner does or does not know that the representation has reached the person so giving credit".

Q. A person, who, by words spoken or written or conduct represents himself or knowingly permits himself to be represented as a partner in the firm is called _______________.

Q. A person not being a partner but represents himself to be a partner is called...........

Q. A person not being a partner but represents himself to be a partner is called a __________.

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