Question
According to the Partnership Act who is liable as a
partner in a firm?Solution
Section28 Holding out:Â (1) Anyone who by words spoken or written or by conduct represent himself, or knowingly permits himself to be represented, to be a partner in a firm, is liable as a partner in that firm to anyone who has on the faith of any such representation given credit to the firm, whether the person representing himself or represented to be a partner does or does not know that the representation has reached the person so giving credit. (2) Where after partner's death the business continued in the old firm-name, the continued use of that name or of the deceased partner's name as a part thereof shall not of itself make his legal representative or his estate liable for any act of the firm done after his death.
Fill in the blanks with appropriate words/phrases from the options.
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Select the most appropriate option to fill in the blank.Â
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