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When a person has been thus …

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When a person has been thus represented to be a partner in an existing partnership, · or with one or more persons not actual partners, that person is an agent of the persons consenting to such representation to bind them to the same extent and in the same manner as though that person were a partner in fact, with respect to persons who rely upon the representation where all the members of the existing partnership consent to the representation, a partnership act or obligation results; but in all other cases it is the joint act or obligation of the person acting and the persons consenting to the representation.

Posted by Ñìkhïl Gøyãl 6 years, 7 months ago

CBSE > Class 11 > Business Studies

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