American National Bank of Silver City v. Wood

Citations

• 24 N.M. 268
• 171 P. 507

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Evidence of joint ownership in property is not sufficient in itself to prove partnership. Evidence examined, and held insufficient to hold parties liable as partners in fact. . P. 270</p> <p>2. To charge one as a partner by estoppel or holding out it must be shown that he so conducted himself as to induce a reasonable person to «deal with him in the honest belief that the partnership existed. The quantity or degree ■ of proof necessary in such cases depends upon the facts and circumstances of each particular case. P. 272</p> <p>3. One entering into a contract in the name of a firm which does not exist may be bound thereby. P. 273</p>