Multiple choice

In which of the following cases will the 'doctrine of holding out' apply?

  1. Retiring partner

  2. Expelled partner

  3. Active partner

  4. Both (1) and (2)

  5. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Doctrine of holding out u/s 28 means where a person who is not a partner in a firm may under certain circumstances be liable for the debts as if he were a partner.