partnership by estoppel

Definition of "partnership by estoppel"
  1. A legal situation that arises when a person behaves or speaks in a manner that leads others, who then rely on this, to believe that they are a partner in a business, causing harm to those who relied on this misrepresentation
How to use "partnership by estoppel" in a sentence
  1. The court ruled the business collaboration as partnership by estoppel since one party conducted in a way making the other believe they were a partner.
  2. The deceitful promotion of a business partnership resulted in a partnership by estoppel, causing financial loss to those who believed in the false partnership.
  3. Since John represented himself to the public as a co-owner of the business, he was found liable for the debts of the company under the doctrine of partnership by estoppel.

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