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" No partner is entitled to remuneration for acting in the partnership business, except that a surviving partner is entitled to reasonable compensation for his services in winding up the partnership affairs. (g) No person can become a member of a partnership... "
Elements of the Law of Partnership - Σελίδα 422
των Floyd Russell Mechem - 1920 - 501 σελίδες
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Cases on Commercial Law: General Survey, Contracts, Agency, Bailments, Sales ...

Alfred William Bays - 1923 - 1612 σελίδες
...liquidation. Clearly there could be an agreement for compensation. The partnership act provides: [Sec. 18(f)] % G 8_% r O ), ' .#` 6 7 ;t- ӷ 0 ^w + 4ij MS ;ꑣ 8... x ݍS h w 7 4- { a Y P e | S 7 OM k B ߡ< (2) Interest on Capital. (Note: No such right unless agreed, but "a partner shall receive interest...

Columbia Law Review, Τόμος 24

1924 - 1010 σελίδες
...virtue being simplicity in application. Section 18 (f) of the Uniform Partnership Act provides: "Xo partner is entitled to remuneration for acting in...business, except that a surviving partner is entitled to a reasonable compensation for winding up the partnership affairs." Has this provision changed the preexisting...

Elements of Accounting

Frederick Wells Woodbridge - 1925 - 726 σελίδες
...partners be equally acceptable to the incoming member. The law recognizes this point : Sec. 1 8. . . . (G) No person can become a member of a partnership without the consent of all the partners. The effect of this provision is that no partner may sell his rights in the partnership to another unless...

Trade Promotion Series, Τεύχος 153

1935 - 190 σελίδες
...by him. 5. Every partner is entitled to take part in the management of the partnership business. 6. No partner is entitled to remuneration for acting in the partnership business. 7. No person may be added as a partner without the consent of all existing partners. 8. The consent...

Accounting

Lionel Cuthbert Cropper - 1924 - 1188 σελίδες
...which they bring or the time which they devote to the business is the same. So, too, is ss. (6), that no partner is entitled to remuneration for acting in the partnership business in cases where the degree of skill possessed by the partner, or his power to bring business, or the...

Banking Fundamentals

American Institute of Banking - 1925 - 360 σελίδες
...partnership really exists in a given case). Partners have certain relations to each other. No person may become a member of a partnership without the consent of all the members. Suppose A, B, and C are partners and C sells out his share to X. X may not become a partner...

Digest of the Mercantile Law of Canada and Newfoundland: Being a Practical ...

William Henry Anger, Harry Dell Anger - 1926 - 456 σελίδες
...management of the partnership business (except limited partners).' Quebec law is similar. 44 , (4) No partner is entitled to remuneration; for acting in the partnership business. '- - .:.-'''-'- ":- '.t It was held a partner is not Entitled to remuneration for winding up the business,...

Cases on Partnership and Other Unincorporated Associations

Scott Rowley - 1927 - 800 σελίδες
...whether of capital or otherwise, sustained by the partnership according to his share in the profits. (b) The partnership must indemnify every partner in respect...partnership without the consent of all the partners. (h) Any difference arising as to ordinary matters connected with the partnership business may be decided...

Report

Rhode Island. Judicial Council - 1928 - 476 σελίδες
...(e) All partners have equal rights in the management and con. duct of the partnership business. (f) No partner is entitled to remuneration for acting...partnership without the consent of all the partners. (h) Any difference arising as to ordinary matters connected with the partnership business may be decided...

The Structure of the Corporation: A Legal Analysis

Melvin A. Eisenberg - 1976 - 356 σελίδες
...provides a starting point. Four major aspects of that model are relevant. (1) Absent contrary agreement, no person can become a member of a partnership without the consent of all the partners.4 (2) Absent contrary agreement, all partners have equal rights in the management and conduct...
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