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action actual affairs agent agreed agreement Ames appear apply arise assets association authority Bank become bind Burd capital carry claim common conduct consent continue contract contribution corporation course court created creditors dealing death debts dissolution dissolved distinct effect entitled equity existence express fact firm name Gilm give given held hold implied individual intention interest involved Iowa joint land liability lien limited losses Mass matter Mechem's Cas Minn nature nership notice obligation Ohio ordinarily parties partner partnership partnership property payment persons principal profits provides purchase question reason receive relation require respect result rule seen sell separate share ship Smith statute supra third persons tion tort trade transaction true Uniform Partnership Act unless usually
Pagina 418 - In any case not provided for in this act, the rules of law and equity, including the law merchant...
Pagina 72 - 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, but no such inference shall be drawn if such profits were received in payment: a.
Pagina 422 - Every partner must account to the partnership for any benefit, and hold as trustee for it any profits derived by him without the consent of the other partners from any transaction connected with the formation, conduct, or liquidation of the partnership or from any use by him of its property.
Pagina 429 - Where a partner has become bankrupt or his estate is insolvent the claims against his separate property shall rank in the following order : (I) Those owing to separate creditors, (II) Those owing to partnership creditors, (III) Those owing to partners by way of contribution.
Pagina 114 - to be the advantage or benefit which is acquired by an establishment beyond the mere value of the capital, stock, funds, or property employed therein, in consequence of the general public patronage and encouragement which it receives from constant or habitual customers, on account of its local position, or common celebrity, or reputation for skill or affluence, or punctuality, or from other accidental circumstances, or necessities, or even from ancient partialities or prejudices.
Pagina 356 - In the event of one or more but not all of the members of a partnership being adjudged bankrupt, the partnership property shall not be administered in bankruptcy, unless by consent of the partner or partners not adjudged bankrupt ; but such partner or partners not adjudged bankrupt shall settle the partnership business as expeditiously as its nature will permit, and account for the interest of the partner or partners adjudged bankrupt.
Pagina 418 - A partnership is an association of two or more persons to carry on as co-owners a business for profit.
Pagina 422 - 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 without the consent of all the partners.
Pagina 431 - The right to an account of his interest shall accrue to any partner, or his legal representative, as against the winding up partners or the surviving partners or the person or partnership continuing the business, at the date of dissolution, in the absence of any agreement to the contrary.