ostensible partner

ostensible partner
a person who allows his credit to be pledged as a partner (e.g. where his name appears in the list of partners on the firm's notepaper, or where he interferes in the management of the business so as to produce in third parties a reasonable belief that he is a partner). In such a case the individual concerned is answerable and liable as if he were a partner to all who deal with the firm without having notice at the time that he is unconnected with it. See partnership.

Collins dictionary of law. . 2001.

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Look at other dictionaries:

  • Ostensible partner — (engl., spr. osténnßibl ), offener Gesellschafter, im Gegensatz zu Dormant partner, dem stillen Teilhaber; s. Handelsgesellschaft …   Meyers Großes Konversations-Lexikon

  • ostensible partner — One made known to the world as a member of a partnership and who in reality is a partner. Dins v Lonsdale, 49 Ind 521, 529. One who, although not a partner by contract or agreement with the other member or members of the firm, is charged with… …   Ballentine's law dictionary

  • ostensible partner — noun : one who holds himself out as a member of an actual partnership or one apparently existing or consenting to the partners or apparent partners representing him as such though as between themselves he is no partner : a partner by estoppel and …   Useful english dictionary

  • partner — A member of partnership or firm; one who has united with others to form a partnership in business. See also general partner partnership. @ dormant partners Those whose names are not known or do not appear as partners, but who nevertheless are… …   Black's law dictionary

  • ostensible partnership — See ostensible partner …   Ballentine's law dictionary

  • Dormant partner — (engl., spr. dórment), im Gegensatze zu Ostensible partner in England soviel wie stiller Gesellschafter …   Meyers Großes Konversations-Lexikon

  • partnership — An association of two or more persons to carry on as co owners a business for profit. Uniform Partnership Act § 6. A combination, effected by two or more persons, of capital or personal services for the purpose of conducting a business for their… …   Ballentine's law dictionary

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