Victorian Consolidated Legislation

Partnership Act 1958 - SECT 18

Persons liable by holding out

18. Persons liable by holding out



(1) Every one who by words spoken or written or by conduct represents himself
or who knowingly suffers himself to be represented as a partner in a
particular firm is liable as a partner to any one who has on the faith of any
such representation given credit to the firm whether the representation has or
has not been made or communicated to the person so giving credit by or with
the knowledge of the apparent partner making the representation or suffering
it to be made.

(2) Where after a partner's death the partnership business is continued in the
old firm-name the continued use of that name or of the deceased partner's name
as part thereof shall not of itself make his executors or administrators
estate or effects liable for any partnership debts contracted after his death.