Ram, a sole proprietor of ,Ram Shyam & Co. employed Shyam as manager of firms business Ram introduced Shyam as his partner to Cs a supplier of goods Shyam remained silent. Treating Shyam a partner, C supplied the goods on credit. Is Shyam liable to supplier?

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Solution

Solution: Section to which given problem relates: Section 28.
Decision Yes
Reason: Shyam is a partner by estoppel Both conditions of Section 28 are fulfilled
(i) Shyam has knowingly permitted himself to be represented as a partner.
(ii) Supplier has acted on the faith of such representation.

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Ram, a sole proprietor of ,Ram Shyam & Co. employed Shyam as manager of firms business Ram introduced Shyam as his partner to Cs a supplier of goods Shyam remained silent. Treating Shyam a partner, C supplied the goods on credit. Is Shyam liable to supplier?

Solution: Section to which given problem relates: Section 28.Decision YesReason: Shyam is a partner by estoppel Both conditions of Section 28 are fulfilled(i) Shyam has knowingly permitted himself to be represented as a partner.(ii) Supplier has acted on the faith of such representation.

Solution: Section to which given problem relates: Section 28.
Decision Yes
Reason: Shyam is a partner by estoppel Both conditions of Section 28 are fulfilled
(i) Shyam has knowingly permitted himself to be represented as a partner.
(ii) Supplier has acted on the faith of such representation.