Definition: An apparent partnership created when people represent or permit themselves to be represented as partners, potentially causing liability to someone who relies on that representation.
Example
Two independent brokers hold themselves out as partners and a customer enters a transaction relying on that appearance.
Keep the distinction clear
Simply sharing space does not automatically establish every element of liability. Representations, consent, and reliance matter under Florida's purported-partner statute.
Related terms
Partnership · General Partnership · Misrepresentation
Keep studying
Corporation Sole, Sole Proprietorship, and Single-Owner Businesses
References: Florida Statutes 620.8308: purported partners
Pronunciation (US): ah-STEN-suh-bul PART-ner-ship (capitals show stress)
Pronunciation reference: Merriam-Webster
Comments
0 comments
Article is closed for comments.