Acts and Regulations

P-4 - Partnership Act

Full text
Misrepresentation as to partner
15(1)Every one who by words spoken or written or by conduct represents himself, or who knowingly suffers himself to be represented, as a partner in a particular firm is liable as a partner to any one who has on the faith of any such representation given credit to the firm, whether the representation has or has not been made or communicated to the person so giving credit by or with the knowledge of the apparent partner making the representation or suffering it to be made.
15(2)Where after a partner’s death the partnership business is continued in the old firm name, the continued use of that name or of the deceased partner’s name as part thereof does not of itself make his executors or administrators’ estate or effects liable for any partnership debts contracted after his death.
R.S., c.167, s.15