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action agreed agreement alleged amount appears applied assets assignment authority bank become benefit bill bind brought capital carried cause charge claim common consideration considered continued contract copartners creditors dealing debtor debts deceased defendant dissolution effect entered entitled equal equity evidence execution existence fact firm follows funds give given ground hands held hold individual intention interest joint judgment land liability Lord loss matter ment mortgage necessary notice obligation opinion paid parties partnership partnership debts partnership property payment persons plaintiff present principle profits purchase question real estate reason received recover regarded relation remain respect rule sell separate settled share ship Smith sold statute suit Supreme Court surviving partner taken tion trade transaction transfer trust whole
Σελίδα 124 - The receipt by a person of a share of the profits of a business is prima facie evidence that he is a partner in the business...
Σελίδα 2 - The advance of money by way of loan to a person engaged or about to engage in any business on a contract with that person that the lender shall receive a rate of interest varying with the profits...
Σελίδα 136 - ... (d) On the death of a partner his right in specific partnership property vests in the surviving partner or partners, except where the deceased was the last surviving partner, when his right in such property vests in his legal representative. Such surviving partner or partners, or the legal representative of the last surviving partner, has no right to possess the partnership property for any but a partnership purpose. (e) A partner's right in specific partnership property is not subject to dower,...
Σελίδα 156 - After he has given six months' notice in writing to all other members, if no time is specified in the certificate either for the return of the contribution or for the dissolution of the partnership. (3) In the absence of any statement in the certificate to the contrary or the consent of all members, a limited partner, irrespective of the nature of his contribution, has only the right to demand and receive cash in return for his contribution. (4) A limited partner may have the partnership dissolved...
Σελίδα 136 - When partnership property is attached for a partnership debt, the partners, or any of them, or the representatives of a deceased partner...
Σελίδα 23 - Joint tenancy, tenancy in common, tenancy by the entireties, joint property, common property, or part ownership does not of itself establish a partnership, whether such co-owners do or do not share any profits made by the use of the property.
Σελίδα 122 - In any case not provided for in this act, the rules of law and equity, including the law merchant...
Σελίδα 77 - partnership" as "an association of two or more persons for the purpose of carrying on business together and dividing its profits between them...
Σελίδα 126 - ... in his own name, passes the equitable interest of the partnership, provided the act is one within the authority of the partner under the provisions of paragraph (1) of section 9. • (5) Where the title to real property is in the names of all the partners a conveyance executed by all the partners passes all their rights in such property.