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.
View Judgments Citing this Phrase