730

buproper
employment
of trust
property for
partnership
purposes.

Persons

liable by
“holding
out

Adiiission:
and repre
sentations ol
partners.

Notice to
acting
partner te
he notice
the firm.

Liabilitie.
of incoming
and out-
going
partners,

Ch. 31. No. 2.) Partnership.

15. If a partner, being a trustee, improperly employ.
trust property in the business or on the account of the
partnership, no other partner is liakle for the trust property
to the persons beneficially interested therein

Provided that
(a) this section shall not affect any liability incurred
by any partner by reason of his having notice of
breach of trust | and
(6) nothing in this section shall prevent trust money
from being followed and recovered from the firm if still
in its possession or under its control,

16. (1) Everyone who by words spoken or written or by
conduct represents himself, or who knowingly | suffers
himself to be represented, as a partner ina particular firm,
is liable as a partner to anyone who has, on the faith of any
such representation, given credit to the firm, whether the
representation has or has not been made or communicated
to the person so giving credit by or with the knowledge of
the apparent partner making the representation or suffering
it to be made.

(2) Provided that where, after a partner's death, the
partnership business is continued in the old firm-name,
the continued use of that name or of the deceased partner's
mame as part thereof shall not of itself make his executors
or administrators estate or effects Hable for any partnership
debts contracted after his death.

17. An admission or representation made by any partner
concerning the partnership affairs, and in the ordinary
course of its busine. is evidence against the firm.

18. Notice to any partner who habitually acts in the
partnership business of any matter relating to partnership
affairs operates as notice to the firm, »xcept in the case of a
fraud on the firm committed by or with the consent of
that partner

19. (1) A person who is admitted as a partner into an
existing firm does not thereby become lable to the creditors
of the firm for anything done before he became a partner.