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A, B and C are partners in SBU Enterprises. Not having established yet their credit standing, the three partners requested D, a well-known businessman, to
A, B and C are partners in SBU Enterprises. Not having established yet their credit standing, the three partners requested D, a well-known businessman, to help them negotiate a loan from E, a money lender. With the consent of A, B and C, D represented himself as a partner of SBU Enterprises. Thereafter, E granted a loan of P150,000 to SBU Enterprises. What kind of a partner is D?*
a. Ostensible partner
b. Liquidating partner
c. Managing partner
d. Partner by estoppel
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