https://www.taxtmi.com/caselaws?id=200471 A managing agents agreement executed with four named individuals does not permit later non signatory partners to enforce its terms; the court held that contractual privity ended when the original signatories ceased to be members, so the later constituted firm and its member-appellant could not enforce the 1907 agreement. Permission to amend to plead an implied 1922 agreement was rightly refused because no estoppel or pleading supported it and the applicable limitation period had expired. The statutory provision relied on was held not to convert a later partner into an original contracting party or otherwise create enforceable contractual rights absent a fresh agreement. en-us Thu, 26 Feb 1948 00:00:00 +0530 Thu, 07 Jun 2018 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200471 A managing agents agreement executed with four named individuals does not permit later non signatory partners to enforce its terms; the court held that contractual privity ended when the original signatories ceased to be members, so the later constituted firm and its member-appellant could not enforce the 1907 agreement. Permission to amend to plead an implied 1922 agreement was rightly refused because no estoppel or pleading supported it and the applicable limitation period had expired. The statutory provision relied on was held not to convert a later partner into an original contracting party or otherwise create enforceable contractual rights absent a fresh agreement. Case-Laws Companies Law Thu, 26 Feb 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200471