South Australian Current Acts South Australian Current Acts7—Partner using credit of firm for private purposes
(1) Where one partner
pledges the credit of a firm other than a firm that is an
incorporated limited partnership for a purpose apparently not connected with
the firm's ordinary course of business, the firm is not bound, unless the
partner is in fact specially authorised by the other partners; but this
section does not affect any personal liability incurred by an individual
partner.
(2) Where one
general partner pledges the credit of a firm that is an
incorporated limited partnership for a purpose apparently not connected with
the firm's ordinary course of business, the firm is not bound unless the
general partner is in fact specially authorised by the firm, but this section
does not affect any personal liability incurred by an individual general
partner.