A person is liable as a partner of a partnership firm only if he is a partner by an express written…
Under s.28 a person who represents himself as a partner is liable as a partner to anyone who, on the faith of that representation, gives credit to the firm, so the correct…
Choose your answer
A person is liable as a partner of a partnership firm only if he is a partner by an express written contract.
Answer and explanation
Correct answer B
Under s.28 a person who represents himself as a partner is liable as a partner to anyone who, on the faith of that representation, gives credit to the firm, so the correct response is "No, a person is liable as a partner even by holding himself out as a partner of the partnership firm but only to that person who has on the faith of such holding out has given credit to the partnership firm."; no registration, intimation or public notice is required.
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