Keenan and Riches’BUSINESS LAW
below) because s 14 liability depends on the fact that the outsider reliedon the fact that the salaried partner was a fully liab ...
Chapter 5Non-corporate organisations – sole traders and partnerships Section 14 provides that the continued use of a deceased pa ...
Passing off at common law As far as the common law is concerned, partners, say A and B, can trade in any name that suits them so ...
Chapter 5Non-corporate organisations – sole traders and partnerships Actual authority If a partner is asked by his co-partners t ...
likely to be known as a partner to an outsider. So if a dormant partner makes an unauthorised contract in the ordinary course of ...
Chapter 5Non-corporate organisations – sole traders and partnerships 5 As we have seen, a partner has no apparent authority to c ...
tinuing partners, either alone or with the addition of any new partners. The use of a novation is rare except perhaps in the cas ...
Chapter 5Non-corporate organisations – sole traders and partnerships The ability to change the partnership agreement Section 19 ...
Partnership property Whether property becomes partnership property or remains in the separate ownership of a particular part- ne ...
Chapter 5Non-corporate organisations – sole traders and partnerships the partners), but if the property belongs to only one part ...
partner who is failing to work properly in the business is, however, in breach of a term which requires him to do so and this is ...
Chapter 5Non-corporate organisations – sole traders and partnerships Relationship of utmost good faith It is a basic principle o ...
2 Duty not to compete with the firm.Section 30 pro- vides that if a partner without the consent of his co- partners carries on a ...
Chapter 5Non-corporate organisations – sole traders and partnerships 4 Death of a partner.Under s 33(1) the death of a part- ner ...
adultery all over Exeter’ was not regarded by the court as sufficient grounds for dissolution under s 35(c). There was no eviden ...
Chapter 5Non-corporate organisations – sole traders and partnerships would not grant it. The other partners could manage the fir ...
4 Distribution of assets.Section 44 applies and if the assets when realised are sufficient to satisfy all claims, payment is mad ...
Chapter 5Non-corporate organisations – sole traders and partnerships Winding-up by the court Under Art 7 any insolvent partnersh ...
his capital and, even if he were to do so, he would still be liable to the firm’s creditors for the amount he originally subscri ...
Chapter 5Non-corporate organisations – sole traders and partnerships to any person (other than another member of the LLP) as a r ...
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