holding out

Quick Reference

Conduct by one person that leads another to believe that he has an authority that does not in fact exist. By the doctrine of estoppel, the first person may be prevented from denying that the authority exists. For example, a person who wrongly represents himself as being a partner in a firm will be as liable as if he were in fact a partner to anyone who gives credit to the firm on the faith of the representation.

Subjects: Law.

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