VICIn ForceAct
Partnership Act 1958
11Partner using credit of firm for private purposes
Start here
Get a plain-English read of 11
Turn the raw legal text into a practical explanation grounded in Partnership Act 1958.
11 Partner using credit of firm for private purposes
Where one partner pledges the credit of the firm for a purpose apparently not connected with the firm's ordinary course of business the firm is not bound unless he is in fact specially authorized by the other partners, but this section does not affect any personal liability incurred by an individual partner.
No. 3745 s. 12.