IndigoLearn

Forums

The Indian partnership act,1932

Is partner by estoppel and partner by holding out same ???and if it's not same then what is the difference between them???


Aarvi Shah

Aarvi Shah

CA Foundation

0

14-Oct-21 20:20

48

Answers (1)

Best Answer

There's not a lot of difference between both. A partner by estoppel is a person who represents himself to be a partner by his conduct or behavior. A partner by holding out is a person who allows others to represent him as a partner and does not deny when someone else represents him as a partner.


Ashlesha Atal

Ashlesha Atal

Faculty

15-Oct-21 11:04

Inter Testimonials
Testimonials CA Foundation July 21
Excel Launch
Study Planner
Business Law - CA Foundation
Fundamentals of Blockchain
Quote
Financial Modelling
Refer
EMI
Past_Exams
Tally + Excel Free
Tally Prime