Multiple choice

Which of the following partners is liable in relation to the firm?

  1. Partner by holding out

  2. Secret partner

  3. Sub-partner

  4. Partner by estoppel

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

A partner may associate anybody else in his share in the firm. If he gives a part of his share to the stranger, then the sub-partner is a non-entity for the partnership.