OCTOBER 1988A and B are equal partners in ABCompany. Y represented himself as apartner in AB Company to Z who relyingon such representation, extended aP50,000.00 credit to AB Company. Of thetwo partners, only B knew and consentedto the representation of Y. Who should beheld liable to Z?
MAY 1989A, B and C are partners in ABC Company.D introduced himself as partner in ABCCompany to X, who in the belief of suchintroduction, extended a P40,000.00credit to ABC Company. These facts areknown to A who did not oppose. Whoshall be held liable to X?a. Since X extended the credit to ABCCompany, a partnership liability exists,thus, partners A, B, C and D are liableb. Only A, who knows the transactions,and D are partners by estoppel who areliable pro-rata to Xc. D who represented himself as apartner in ABC Company is liabled. A, B and C, who benefited in theP60,000.00 credit shall be liable to X