Court Opinion

ID: 9565995
Source: CourtListenerOpinion
Date Created: 2023-08-21 19:31:34.039206+00
Date Added: 2024-06-11T09:18:31.005287
License: Public Domain

On Motion for Rehearing.
On motion for rehearing, appellee bank maintains that the certificate of authority established appellant’s individual liability for the debt incurred by Blisco Enterprises. The certificate authorized each partner to enter into various banking transactions with appellee on behalf of the partnership, and the signators agreed that “this author*408ity shall continue binding” (emphasis supplied) on each of them regardless of the status of the partnership until written revocation of the authority was received by the bank. Contrary to appellee’s assertions, the certificate did not impose liability on the individual signators for actions taken pursuant to the authority granted in the certificate. Thus, the question of ostensible partnership remains for the jury.

Motion for rehearing denied.