Guam § 25308 - Partner by Estoppel.
Full text of Guam Guam Code Annotated § 25308 — Partner by Estoppel., with citation guidance and answers to common questions.
§ 25308. Partner by Estoppel.
(1) When a person, by words spoken or written or by conduct,
represents himself, or consents to another representing him to any one, 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 had not been made nor communicated to
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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 separately.
(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 person consenting to the
representation.
Frequently Asked Questions About Guam § 25308
What does Guam Code Annotated § 25308 cover?
Section 25308 ("Partner by Estoppel.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 25308?
A common citation format is "Guam Code Annotated § 25308" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 25308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.