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Contracts Act · s 202
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Contracts Act · s 202
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
Every partner is liable for all debts and obligations incurred while he is a partner in the usual course of business by or on behalf of the partnership; but a person who is admitted as a partner into an existing firm does not thereby become liable to the creditors of such firm for anything done before he became a partner.