Which of the following describes the imposing of partnership duties and liabilities upon a person who is not a partner in an existing partnership by reason of his consenting to representation that he is a partner?
A) Partnership by estoppel.
B) Delectus personae .
C) A fiduciary duty.
D) Torts of partnership.

Question

Quizplus · Accepted Answer

Partnership by estoppel occurs when a person who is not an actual partner in a partnership consents to being represented as a partner, leading others to rely on this representation. As a result, this person may be held liable as if they were a partner, despite not officially being one. This concept is used to protect third parties who have been misled into believing that they were dealing with a partner of the firm.

Which of the Following Describes the Imposing of Partnership Duties