(1) When a person, by words spoken or written or by conduct, represents himself,
or consents to another representing him to anyone, as a partner in an existing partnership
or with one or more persons not actual partners, he is liable to any such person to
whom such representation has been made, who has, on the faith of such representation
given credit to the actual or apparent partnership, and if he has made such representation
or consented to its being made in a public manner he is liable to such person, whether
the representation has or has not been made or communicated to such person so giving
credit by or with the knowledge of the apparent partner making the representation
or consenting to its being made:
(a) When a partnership liability results, he is liable as though he were an actual
member of the partnership.
(b) When no partnership liability results, he is liable jointly with the other persons,
if any, so consenting to the contract or representation as to incur liability, otherwise
(2) When a person has been thus represented to be a partner in an existing partnership,
or with one or more persons not actual partners, he is an agent of the persons consenting
to such representation to bind them to the same extent and in the same manner as though
he were a partner in fact, with respect to persons who rely upon the representation. Where all the members of the existing partnership consent to the representation,
a partnership act or obligation results; but in all other cases it is the joint act
or obligation of the person acting and the persons consenting to the representation.
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