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Partnership by estoppel

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Reference no: EM132488857

Question 1: Ann leads you (third party) to believe she is a partner with Sue. She sends Sue out to you and you give her money to invest in the partnership. Sue skips town with your money. When you sue the parties Ann states as a defense that she was never partners with Sue and can prove the same. Is your only recourse to find Sue and sue her or will Ann be liable to you for leading you to believe that a partnership existed? Is this a partnership by estoppel?

Question 2: Can the firm of Dewy, Cheatem and Howe be sued under their partnership name? Can Dewey, Cheatem and Howe put the initials P.C, after the partnership name? Why or Why not?

Reference no: EM132488857

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