COPYRIGHT, 1921

BY

CALLAGHAN & COMPANY

Sec. 4.

Sec. 5.

4.

Association must be for financial profit.

Test of partnership.

Sec. 6.

Sec. 7.

Co-ownership, but no sharing of profits.

Partnerships by estoppel.

Sec. 8.

Sec. 9.

Sec. 10.

Sec. II.

Doctrine of delectus personae.

How partnership differs from corporation.

Kinds of partnerships.

Kinds of partners.

Sec. 12.

Sub-partnerships.

Sec. 16. Competency of parties to be partners.

(1) Minors.

Sec. 17.

(2) Corporations.

(3) Married women.

(4) Insane persons.

Consideration.

Sec. 18. Legality of object.

PART II.

FIRM NAME, CAPITAL AND PROPERTY.

Sec. 19.

Sec. 20.

CHAPTER 3.

NAME, CAPITAL AND PROPERTY.

Necessity of firm name.

What firm name may consist of.

Use of firm name.

Distinction between firm capital and firm prop-

erty.

What constitutes firm property.

Real estate as firm property.

Nature of partner's interest in firm property.

PART III.

MUTUAL RIGHTS AND OBLIGATIONS OF

PARTNERS.

CHAPTER 4.

RIGHTS OF PARTNER IN MANAGEMENT OF FIRM.

Sec. 26. Partner's right to be active participator.

Sec. 27. Right of majority to govern.

CHAPTER 5.

DUTIES AND RIGHTS OF PARTNERS.

General rule of conduct of partner.

Sec. 28.

Sec. 29.

Partner cannot oppose his own interests to

those of firm.

Right of partner to deal openly with firm.

Right of partner to sue firm.

Sec. 32.

Right of partner to compensation, interest, etc.

PART IV.

THE PARTNERSHIP AND THIRD PERSONS.

CHAPTER 6.

AUTHORITY OF PARTNER TO REPRESENT FIRM.

Sec. 33.

General statement.

Recital of powers of partner in Uniform Law.

Apparent power of partner to buy and sell stock

in trade.

Implied or apparent power of partner to sell

otherwise than in usual course of trade.

Implied or apparent power of partner to sell

choses in action belonging to firm.

Sec. 38.

Implied or apparent power of partner to buy

or sell firm real estate.

Sec. 39.

Power of partner to make warranties.

Sec. 40.

Power to bind firm on negotiable paper.

Sec. 41.

Power of partner to borrow money on firm

credit.

Sec. 42.

Apparent power of partner to appoint agents

and employ servants.

Sec. 43.

Sec. 44.

Sec. 45.

Power of partner to settle, compromise, re-
lease, etc.

Power of partner to settle individual debts

with firm assets.

Partner may be specially authorized to repre-

sent the firm.

Sec. 46. Ratification.

CHAPTER 7.

LIABILITY OF PARTNER FOR TORTS OF CO-PARTNER.

Sec. 47.

Sec. 48.

Sec. 49.

General rule.

Liability of partner for fraud and deceit of co-

partner.

Liability of partner for negligence of co-.

partner.

Sec. 50. Liability of partner for independent torts of

A. The Nature of the Partner's Liability to Third Persons.

Sec. 54.

Sec. 55.

Partners are jointly liable for firm indebted-

ness.

Partners liable in toto.