binding effect of within-scope partnership contracts
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 63 U.S. 256 - Kimbro v. Bullitt · 1859Most cited · 31 citing opinions
whenever credit is given to the firm, within the scope and objects of the partnership, and in the course of its trade and business, whether the partnership be of a general or limited nature, it will bind all the partners, notwithstanding any secret stipulations or reservations between themselves, which are unknown to those who give the credit