ostensible partner

ostensible partner

a person who allows his credit to be pledged as a partner (e.g. where his name appears in the list of partners on the firm's notepaper, or where he interferes in the management of the business so as to produce in third parties a reasonable belief that he is a partner). In such a case the individual concerned is answerable and liable as if he were a partner to all who deal with the firm without having notice at the time that he is unconnected with it. See PARTNERSHIP.

OSTENSIBLE PARTNER. One whose name appears in a firm, as a partner, and who is really such.

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References in periodicals archive ?
Although NBC is an ostensible partner in this, when it comes to getting prime camera real estate along the sidelines, Hirschheimer orders, ``Claim your turf
She looked as cheerful as you can when the choice of your ostensible partner for life has been influenced by astrologer Russell Grant.
If you cannot trust ostensible partners in security cooperation, who can you trust?