A Treatise on the Law of Partnership |
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Common terms and phrases
action agreed agreement assumpsit authority Bank Barb bill bill of exchange bind Bing Branch Bank breach circumstances Clark common common law Conn consent considered contract copartners court of equity covenant creditors debtor deed defendant dissolution dissolved doctrine effect evidence Exch fact firm fraud funds give good-will Greenl held indorsed interest Johns joint Jones jury law of partnership liable Lord Chancellor Lord Eldon Lord Ellenborough Lord Mansfield loss ment Misso ners nership notice old firm opinion paid partnership property payment Penn Pick plaintiff presumption principle profits promise promissory note purchase question reason receive respect retiring partner rule seems separate share ship Smedes Smith sold statute stipulations supra Swanst Taylor third parties third persons tion trade transaction trust usury Watts Wend Williams
Popular passages
Page 495 - If any bankrupt, at the time he becomes bankrupt, shall, by the consent and permission of the true owner thereof, have in his possession, order, or disposition, any goods or chattels, whereof he was reputed owner...
Page 68 - It is clearly settled, though I regret it, that if a man stipulates that as the reward of his labor he shall have, not a specific interest in the business, but a given sum of money, even in proportion to a given quantum of the profits, that will not make him a partner; but if he agrees for a part of the profits as such, giving him a right to an account, though having no property in the capital, he is, as to third persons, a partner, and in a question with third persons no stipulation can protect...
Page 170 - Another, more applicable to the subject under consideration, is that a partner, certainly the acting partner, has power to transact the whole business of the firm, whatever that may be, and consequently to bind his partners in such transactions, as entirely as himself.
Page 92 - 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, or shall receive a share of the profits arising from carrying on the business, does not of itself make the lender a partner with the person or persons carrying on the business or liable as such : Provided that the contract is in writing and signed by or on behalf of all the parties thereto.
Page 187 - Contractor, Executor, or Administrator shall lose the Benefit of the said Enactments or either of them, so as to be chargeable in respect or by reason only of any written Acknowledgment or Promise made and signed by any other or others of them...
Page 6 - Commentaries on the Conflict of Laws, Foreign and Domestic, in regard to Contracts, Rights, and Remedies, and especially in regard to Marriages, Divorces, Wills, Successions, and Judgments.
Page 66 - But if he will lend his name as a partner, he becomes, as against all the rest of the world, a partner, not upon the ground of the real transaction between them, but upon principles of general policy to prevent the frauds to which...
Page 137 - Every man who has a share of the profits of a trade ought also to bear his share of the loss.
Page 7 - Digest of the Decisions of the Courts of Common Law and Admiralty in the United States.
Page 187 - Benefit thereof, unless such Acknowledgment or Promise shall be made or contained by or in some Writing to be signed by the Party chargeable thereby ; and that where there shall be Two or more Joint Contractors, or Executors or Administrators of any Contractor, no such Joint Contractor, Executor, or Administrator shall lose the Benefit of the said...