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) Delectus personae .
B) A fiduciary duty.
C) Partnership by estoppel.
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 or allows others to make such representations. Consequently, this person may be held liable to third parties who rely on the representation as if they were an actual partner, despite not being formally part of the partnership. 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