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单词 partnership by estoppel
释义

partnership by estoppel

Definition
Legally binding partnership that may arise where, in fact, no formal partnership agreement is in effect. A person who by conduct or words represents, or allows him/herself to be represented, as a partner in a firm is liable for the credit or loans obtained by firm on the basis of such representation. Also called presumption of partnership.
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更新时间:2025/3/10 0:06:04