Section 28 of IPA : Section 28: Holding Out
IPA
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Explanation using Example
Imagine John and Alice run a bakery together as partners. One day, Alice tells a supplier that her friend Bob is also a partner, although he is not. Trusting Alice's word, the supplier extends credit to the bakery. Later, when the bakery fails to pay, the supplier learns that Bob was never a formal partner. Under Section 28(1) of the Indian...
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