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There are several types of partners described in the document. A partner by holding out or estoppel is someone who represents themselves as a partner or allows themselves to be represented as a partner, inducing a third party to do business with the firm. They are then liable to that third party for any losses even if they are not officially a partner. A dormant or sleeping partner is involved in the business but does not actively participate. A nominal partner is only a partner in name and does not share p

Author

krantisaillb

Language

EN