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PARTNERSHIP ACT 1895 - SECT 14

PARTNERSHIP ACT 1895 - SECT 14

14 .         Partner using credit of firm for private purposes

                Where one partner pledges the credit of the firm for a purpose apparently not connected with the firm’s ordinary course of business, the firm is not bound, unless he is, in fact, specially authorised by the other partners; but this section does not affect any personal liability which may arise against any other partner who has so conducted himself as to give reasonable ground to the party dealing with the partner first mentioned for believing him to be so authorised.