partnership by estoppel

A partnership implied by law when one or more persons represent themselves as partners to a third party who relies on that representation.

• A person who is deemed a partner by estoppel becomes liable for any credit extended to the partnership by the third party.

— Also termed implied partnership. [Cases: Partnership 24. C.J.S. Partnership § 24.]

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词条贡献者

译者David，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与复杂商业诉讼相关的法律文件。