(1) Everyone who by
words spoken or written, or by conduct, represents himself, or who knowingly
suffers himself to be represented as a partner in a particular firm, is liable
as a partner to any one who has on the faith of any such representation given
credit to the firm, whether the representation has or has not been made or
communicated to the person so giving credit by or with the knowledge of the
apparent partner making the representation or suffering it to be made.
(2) Provided that
where, after a partner’s death, the partnership business is continued in
the old firm-name, the continued use of that name or of the deceased
partner’s name as part thereof shall not of itself make his
executors’ or administrators’ estate or effects liable for any
partnership debts contracted after his death.