Part 3Relationship of partners to third persons and to each other
Relationship of partners to third persons
21Partner using credit of firm for private purposes
This section applies if a partner (A) 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 A is specially authorised by the other partners.
This section does not affect any personal liability incurred by a particular partner.
Compare
- 1908 No 139 s 10