OF THE LAW OF PARTNERSHIP BY FLOYD R. MECHEM, LL. D. Author of Mechem on Agency, Mechem on Public Officers, Mechem on Sales, etc. SECOND EDITION CHICAGO CALLAGHAN AND COMPANY PREFACE TO THE SECOND EDITION The considerable growth of the law of Partnership in the last twenty-four years and especially the advent of the Uniform Partnership Act have been thought to justify a new edition of this little book. Several new sections have been added, the Uniform Partnership Act has been incorporated, and the range of citation of cases has been somewhat extended; otherwise its scope and purpose have not been changed. It has seemed desirable to renumber the sections. UNIVERSITY OF CHICAGO, FLOYD R. MECHEM. PREFACE TO FIRST EDITION Several years ago the writer printed for the use of his class a brief course of lectures on Partnership. A wider demand for them having sprung up, they have been revised and reprinted in the hope that they may be useful to students elsewhere. They pretend to be nothing more than the mere elements of the subject, and the endeavor has been to keep them in small compass. The citation of authorities has been purposely limited to the leading and most readily accessible cases, and those cited have been selected rather as illustrations of the text than as authorities for it. Much statement of cases in the text has been avoided, because the lectures were designed to be used and were in fact used in connection with a volume of selected cases upon the subject. It is assumed that the study of Agency will precede that of Partnership, and some knowledge of the former subject has been constantly taken for granted. If the style at times seems to be didactic, the circumstances of the original composition will serve as an explanation. UNIVERSITY OF MICHIGAN, FLOYD R. MECHEM. |