An Exposition of the Principles of Partnership - Bookswagon
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An Exposition of the Principles of Partnership

An Exposition of the Principles of Partnership


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About the Book

This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1889. Not illustrated. Excerpt: ... entitled to the distinction of re-discovering, without historical aid, the nature of the contribution in a partnership. He apprehended at once, by legal instinct, the character of the contribution. In unearthing this fundamental principle, he exhibited a profound knowledge of the partnership relation. (J 34. He showed equal insight in detecting the source of a partner's equity. j! 102, n. 2. A partial loss of contribution is distributed in Pennsylvania according to the contributions. They, being separate property, are lost in whole or in part by the owners. The English do not show any confidence in either theory which they have adopted. A slight change by contract will induce the courts to recur to the division of the loss by the contributions. An agreement to divide the assets according to the partners' interest in them was sufficient to measure the loss by the contributions. Massachusetts disregards its debt theory with equal facility. The guarantee of profits for the first year relieved the partner guaranteed from all liability for his co-partner's contribution of $75,000. An agreement for an interest in the ship and cargo, invested the supercargo with title to the property contributed by his co-partner. jf.35. The ratio of profits may not be fixed by agreement. Then the share of profits will not serve as the standard to measure the loss of contribution. But in the absence of contract, the law may divide the shares among the partners according to their number. This is the hard and fast rule of the German Code, and under it the sharing of the loss will include the contributions. The French code provides for the sharing of the profit and loss in default of agreement, according to the contributions. The English method does not regulate the subject by law, but le...


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Product Details
  • ISBN-13: 9781150204791
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 298
  • Spine Width: 16 mm
  • Width: 189 mm
  • ISBN-10: 1150204796
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 535 gr


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