Queensland Consolidated Acts

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PARTNERSHIP ACT 1891 - SECT 10

10 Partner using credit of firm for private purposes

(1) If one partner pledges the credit of a firm, other than an incorporated limited partnership, for a purpose apparently not connected with the firm's ordinary course of business, the firm is not bound, unless the partner is in fact specially authorised by the other partners.

(2) If a general partner pledges the credit of a firm that is an incorporated limited partnership for a purpose apparently not connected with the firm's ordinary course of business, the firm is not bound unless the general partner is in fact specially authorised by the firm.

(3) This section does not affect any personal liability incurred by an individual general partner.



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