The concept of ‘Holding Out’ is merely an application of the principle of estoppel, which in itself is a rule of evidence wherein a person is prevented or estopped from denying a statement he made or existence of facts that he makes another person believe. Holding out refers to a course of action or omission which leads others to believe that the person possesses an authority which in fact he doesn’t. In simple terms, if a person represents or knowingly permits others that he is a partner of a particular firm, and some other person carried on some transaction believing him to be a partner of the firm, then he is estopped from denying this representation later on. The concept of holding out has been provided under section 28 of the Indian Partnership Act, 1932 and section 29 of Limited Liability Partnership Act, 2008. These sections state that a person is held liable as a partner by holding out if the given conditions are fulfilled.
According to an analysis from the Global Carbon Project compiled by World Resources Institute, India’s per person emissions have gone up by _______ si...
Recently which two companies signed an agreement to collaborate on Electronic Vehicles?
Which river is known as “sorrow of China”?
Who has been awarded the ‘Malcolm Adiseshiah Prize 2022’?
How much financial support has Odisha Chief Minister Naveen Patnaik announced for the state's athletes participating in the Hangzhou Asian Games?
What recent accolade did Payal Kapadia receive for her film ‘All We Imagine as Light’?
Which is not a type of External Commercial Borrowings (ECB)?
Where was the 8th edition of the India-Kazakhstan Joint Military Exercise KAZIND-2024 held?
Which of the following organisation has issued the first-ever wildlife bond, worth $150 million, to be used to revive the population of rhinoceros in So...
How much was the fine imposed on Jila Sahakari Kendriya Bank Maryadit, Vidisha, Madhya Pradesh, for non-compliance with RBI's regulations?
