NTIn ForceAct
Partnership Act 1997
11Partner using firm's credit
Start here
Get a plain-English read of 11
Turn the raw legal text into a practical explanation grounded in Partnership Act 1997.
11 Partner using firm's credit
(1) The use of the credit of a firm other than an incorporated limited
partnership by one of its partners for a purpose not apparently
related to its ordinary business does not bind it unless the partner is
specially authorised by the other partners to do so.
(2) The use of an incorporated limited partnership's credit by one of its
general partners for a purpose not apparently related to its ordinary
business does not bind it unless the general partner is specially
authorised by it to do so.
(3) To avoid doubt, this section does not affect any personal liability of
a partner in a partnership.