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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 1891 - onwards
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7. Partner using credit of firm for private purposes.

Where one partner pledges the credit of the firm for a purpose apparently not connected with the firm's ordinary course of business, the firm is not bound, unless he is in fact specially authorised by the other partners; but this section does not affect any personal liability incurred by an individual partner.

Comparing proposed amendment...