Holding Out
Legal definition for Indian law research
Definition
Holding out. On the principle of estoppels any representation by words or conduct or knowingly suffered to be made by others that a person is a partner in a firm on the faith of which representation credit has been given to the firm, makes the person so representing himself liable as a partner to that creditor, to the extent of the loss which the creditor has thereby suffered [see Christopher, Ex parte Harris, (1816) 1 Madd 583]. See Partnership Act, 1890, s. 3, and PARTNERSHIP.
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