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Partnership Law Act 2019

Relationship of partners to third persons and to each other - Relationship of partners to third persons

29: Admissions and representations of partners

You could also call this:

"What partners say about the business can affect everyone in the partnership"

When you're part of a partnership, you need to know that what your partners say or admit can affect the whole business. If one of your partners says something about the partnership's work, and it's during normal business activities, this can be used as proof against your partnership. This means that if your partner makes a statement or admits to something while doing regular partnership work, it can be used as evidence that affects all partners in the business.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS206022.

Topics:
Business > Industry rules
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Part 3Relationship of partners to third persons and to each other
Relationship of partners to third persons

29Admissions and representations of partners

  1. An admission or a representation made by a partner is evidence against the firm if the admission or representation—

  2. concerns the partnership affairs; and
    1. is made in the ordinary course of the partnership business.

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