- 1 Marks
Question
In a Partnership, a person who holds himself out as a Partner would be regarded as a Partner by _____________________.
Answer
Estoppel
Explanation: When a person presents himself as a partner and others rely on this representation, he is considered a partner by estoppel and may be held liable for partnership obligations as if he were an actual partner.
- Tags: Holding Out, Legal Status, Partnership Law, Short Answer
- Level: Level 1
- Series: NOV 2013
- Uploader: Theophilus