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Admission of New Partner

A person not ...

Question

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

A

Sub partner

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B

Partner by estoppels

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C

Sleeping partner

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D

Dormant partner

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Solution

The correct option is B Partner by estoppels
Option B is the correct answer.

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Similar questions

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

Q. A partner who is not exactly a partner in a firm but represents himself as a partner is known as ___

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. 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 partner who has not entered into a partnership agreement and conducts or represents himself as a partner in a firm is called _____________.

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