Cases on the Law of Partnership: Including Limited Partnerships

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West Publishing Company, 1908 - 638 sider
 

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Side 124 - 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...
Side 461 - The distinction between actions at law and suits in equity, and the forms of all such actions and suits, heretofore existing, are abolished...
Side 2 - The advance of money by way of loan to a person engaged or about to engage in any business on a contract with that person that the lender shall receive a rate of interest varying with the profits...
Side 136 - ... (d) On the death of a partner his right in specific partnership property vests in the surviving partner or partners, except where the deceased was the last surviving partner, when his right in such property vests in his legal representative. Such surviving partner or partners, or the legal representative of the last surviving partner, has no right to possess the partnership property for any but a partnership purpose. (e) A partner's right in specific partnership property is not subject to dower,...
Side 156 - After he has given six months' notice in writing to all other members, if no time is specified in the certificate either for the return of the contribution or for the dissolution of the partnership. (3) In the absence of any statement in the certificate to the contrary or the consent of all members, a limited partner, irrespective of the nature of his contribution, has only the right to demand and receive cash in return for his contribution. (4) A limited partner may have the partnership dissolved...
Side 136 - When partnership property is attached for a partnership debt, the partners, or any of them, or the representatives of a deceased partner...
Side 23 - Joint tenancy, tenancy in common, tenancy by the entireties, joint property, common property, or part ownership does not of itself establish a partnership, whether such co-owners do or do not share any profits made by the use of the property.
Side 122 - In any case not provided for in this act, the rules of law and equity, including the law merchant...
Side 77 - partnership" as "an association of two or more persons for the purpose of carrying on business together and dividing its profits between them...
Side 126 - ... in his own name, passes the equitable interest of the partnership, provided the act is one within the authority of the partner under the provisions of paragraph (1) of section 9. • (5) Where the title to real property is in the names of all the partners a conveyance executed by all the partners passes all their rights in such property.

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