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PARTNERSHIP
DEFINITION
A partnership is an association of two or more persons to carry on
as co‑owners a business for profit.1
Every partner is an agent of the partnership for the pupose of its
business and the act of every partner, . . . for apparently carrying on in
the usual way the business of the Partnership of which he is a member
binds the partnership, unless the partner so acting has in fact no
authority to act for the partnership in the particular matter, and the
person with whom he is dealing has knowledge of the fact that he has no
such authority.2 1O.R.C.
1775.05(A) 2O.R.C.
1775.08
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