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Flashcards in Relationship to 3rd Parties Deck (4)
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Partnership powers

  1. Agent of the partnership
  2. Actual or express authorty to act by the terms of the partnership agreement or by consent of other partners


Acts not for apparently carrying on the business of the partnership in the usual way

does not bind the partnership unless authorized by the other partners


Liability of partners

  • All partners are personally liable jointly and severally for any tort, committed by a partner acting in the ordinary course of buisness
  • All partners are liable jointly for all other debts and obligations of the partnership


Partnership by Estoppel

Even if a voluntary partnership does not exist, liability may be imposed on one who has let it appear that he is in a partnership if a creditor is thereby misled

  • Liable to anyoen who has extended credit in reliance on the representation of partnership
  • Liable if he has consented to such a representation by another