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The Law of Partnerships: With Questions, Problems and Forms, and Text of ...
Alfred William Bays
Ingen forhåndsvisning tilgjengelig - 2015
agent agreed agreement amendment amount apparent authority assign bankruptcy BLUE SKY LAWS bonds business trust by-laws capital stock certificate charter claim co-owners co-ownership co-partners common carrier consent continuing the business contract contribution court court of equity deceased partner directors dissolution dissolved partnership dividends duties entitled equity estoppel existing fact firm debts firm name fraud held holders Illinois incorporation insolvent law merchant lien limited partner Limited Partnership Act ment mortgage nership notice owner paid paragraph parties partner's interest partnership affairs partnership liability partnership name partnership property payment person or partnership poration Power of corporation profits purchaser purpose real estate real property representation representative rule sell share ship specific statute stockholders subscriber subscription surviving partner thereby thereof third persons tion torts transaction transfer treasury stock Trust instrument ultra vires Uniform Partnership Act unless vote
Side 70 - Where, by any wrongful act or omission of any partner acting in the ordinary course of the business of the partnership, or with the authority of his copartners, loss or injury is caused to any person, not being a partner in the partnership, or any penalty is incurred, the partnership is liable therefor to the same extent as the partner so acting or omitting to act.
Side 108 - A partner wilfully or persistently commits a breach of the partnership agreement, or otherwise so conducts himself in matters relating to the partnership business that it is not reasonably practicable to carry on the business in partnership with him, (e) The business of the partnership can only be carried on at a loss, (f) Other circumstances render a dissolution equitable.
Side 52 - Every partner is an agent of the partnership for the purpose of its business, and the act of every partner, including the execution in the partnership name of any instrument, for apparently carrying on in the usual way the business of the partnership of which he is a member binds the partnership, unless the partner so acting has in fact no authority to act for the partnership in the particular matter, and the person with whom he is dealing has knowledge of the fact that he has no such authority.
Side 121 - A limited partnership is a partnership formed by two or more persons under the provisions of Section 2, having as members one or more general partners and one or more limited partners. The limited partners as such shall not be bound by the obligations of the partnership.
Side 199 - That a creditor whose debtor is the owner of an order bill shall be entitled to such aid from courts of appropriate jurisdiction by injunction and otherwise in attaching such bill or in satisfying the claim by means thereof as is allowed at law or in equity in regard to property which cannot readily be attached or levied upon by ordinary legal process.
Side 132 - In any case not provided for in this act, the rules of law and equity, including the law merchant...
Side 116 - 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.
Side 96 - A partnership is an association of two or more persons to carry on as co-owners a business for profit. (2) But any association formed under any other statute of this state, or any statute adopted by authority, other than the authority of this state, is not a partnership under this act, unless such association would have been a partnership in this state prior to the adoption of this act; but this act shall apply to limited partnerships except in so far as the statutes relating to such partnerships...
Side 104 - Where a partnership entered into for a fixed term is continued after the term has expired, and without any express new agreement, the rights and duties of the partners remain the same as they were at the expiration of the term, so far as is consistent with the incidents of a partnership at will.
Side 106 - The dissolution of a partnership is the change in the relation of the partners caused by any partner ceasing to be associated in the carrying on as distinguished from the winding up of the business. Sec. 30. Partnership not terminated by dissolution. On dissolution the partnership is not terminated, but continues until the winding up of partnership affairs is completed.