 | William Selwyn - 1812 - 732 σελίδες
...all the profits indefinitely, shall by operation of law, be made liable to losses, if losses arise; upon the principle, that by taking a part of the profits,...creditors a part of that fund which is the proper security to them for the payment of their debts. A. and B. ship-agents at different portsc, entered... | |
 | Samuel Comyn - 1824 - 680 σελίδες
...all the profits indefinitely, shall, by operation of law, be made liable to losses, if losses arise, upon the principle that by taking a part of the profits,...creditors a part of that fund which is the proper security to them for the payment of their debts. That was the foundation of the decision in Grace v.... | |
 | Niel Gow - 1825 - 520 σελίδες
...character of partner is, that by the effect of the agreement for a participation, the party participant takes from the creditors a part of that fund which is the proper security to them for the satisfaction of their debts, and upon which they rely for payment (a). Another... | |
 | James Kent - 1828 - 432 σελίδες
...under which they act. If a person partakes of the profits, he is answerable as a partner for losses, on the principle, that by taking a part of the profits, he takes from the creditors a part of the fund which is the proper security for the payment of their o Gibson, J., Hess v. West, 4 Serg.... | |
 | William Grimshaw - 1831 - 354 σελίδες
...all the profits indefinitely, shall, by operation of law, be made liable to losses, if losses arise ; upon the principle, that by taking a part of the profits,...creditors a part of that fund which is the proper security to them for the payment of their debts. — 16 Johns. Rep. 34. A. and B. ship-agents at different... | |
 | 1866 - 932 σελίδες
...moiety of all profits indefinitely shall, by operation of law, be made liable to losses if losses arise, upon the principle that by taking a part of the profits...creditors a part of that fund which is the proper security to them for the payment of their debts." This decision had never been overruled. The reasoning... | |
 | Thomas Edlyne Tomlins - 1835 - 862 σελίδες
...character of partner, is, that by the effect of the agreement for a participation, the party participant takes from the creditors a part of that fund which is the proper security to them for the satisfaction of their debts, and upon which they rely for payment. Per De... | |
 | Jacob D. Wheeler - 1836 - 644 σελίδες
...indefinitely, shall by operation of law be made liable to losses; upon the principle, that by taking part of the profits, he takes from the creditors a part of that fund, which is the security for the payment of their debts. 11. TAYLOR v. TERME, ET AL. May T. 1816, 3 Har. & Johns. Md.... | |
 | Pennsylvania. Supreme Court, Thomas Isaac Wharton - 1836 - 580 σελίδες
...to third persons, is, that by the effect of the agreement for a participation, the party participant takes from the creditors a part of that fund, which is the ' proper security to them for the satisfaction of their debts, and upon which they rely for payment. Another... | |
 | Samuel Vallis Bone - 1839 - 398 σελίδες
...CJ in Grace v. Smith, that by the effect of an agreement for a participation, the party participant takes from the creditors a part of that fund which is the proper security to them for the satisfaction of their debts, and upon which they rely for payment. LORD MANSFIELD... | |
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Smith he who takes a moiety of all the profits indefinitely shall, by operation of law, be made liable to losses, if losses arise, upon the principle that, by taking a part of the profits, he takes from the creditors a part of that fund which is the proper... 
