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Under Section 28, a person who by words or conduct represents himself, or knowingly permits himself to be represented, as a partner:
AIs liable as a partner (by holding out / estoppel) to anyone who gave credit on the faith of that representation
BIncurs no liability
CIs liable only if he intended fraud
DBecomes a real partner with profit rights
Answer & Solution
Correct answer: A. Is liable as a partner (by holding out / estoppel) to anyone who gave credit on the faith of that representation
Section 28 makes a person liable by holding out to anyone who, on the faith of the representation, gave credit to the firm, whether or not he acted fraudulently.
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