https://www.taxtmi.com/caselaws?id=305078 Acknowledgment of liability in a written agreement can preserve a suit against limitation where it covers amounts due under promissory notes. Partnership liability does not arise merely because a promissory note is issued on the firm's letterhead or describes an executant as a partner; the instrument must disclose on its face the persons bound to pay. Applying the distinct rules governing negotiable instruments, liability for the notes was confined to their executants, while the acknowledgment supported liability for the admitted amounts. en-us Mon, 08 Dec 1980 00:00:00 +0530 Tue, 15 Nov 2022 12:11:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305078 Acknowledgment of liability in a written agreement can preserve a suit against limitation where it covers amounts due under promissory notes. Partnership liability does not arise merely because a promissory note is issued on the firm's letterhead or describes an executant as a partner; the instrument must disclose on its face the persons bound to pay. Applying the distinct rules governing negotiable instruments, liability for the notes was confined to their executants, while the acknowledgment supported liability for the admitted amounts. Case-Laws Indian Laws Mon, 08 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305078