Companies Act (Cap. 386), article 17

17. Unless and until a certificate of registration is issued under this Act in respect of a partnership or until the date indicate d in a certificate of registration as t he date on which a partnership shall come into existence - COMP ANIES [CAP. 386. 21 (a) any two or more persons carrying on business under a name falsely implying the existence of a partnership shall have, as against one another and limitedly to property acquired from such business, such rights only as are by law conferred on joint owners; (b) any obligation contracted in favour of third parties in good faith under a name falsely implying the existence of a partnership shall be jointly and severally binding on those persons, who, if a certificate of registration had been issued, would have been partners carrying on business under that name. Person holding himself out to be a partner.