A person who falsely represents himself, or knowingly permits himself to be represented, as a partner in a firm is liable under the principle of holding out to:

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Economics · Partnership Law

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Any person who has, on the faith of any such representation, given credit to the firm.

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Answer 1

Only if a formal written contract exists between him and the creditors.

Answer 2

Any person who has, on the faith of any such representation, given credit to the firm.

Answer 3

Only for moral damages to the existing partners.

Answer 4

Only the Registrar of Companies for statutory non-compliance.

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