Partnership in Pennsylvania

Partnership in Pennsylvania

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1885 edition. Excerpt: ...W., 141.--Although there may be a partnership for the purpose of trading in land, and it may be limited to purchasing only, the profit and loss bein divisible as stock, yet this relation does not necessarily arise from the bare circumstance of a joint pur chase. Subsequent Partnership--Mi11. Wall v. Fife, 1860, 1 Wr., 394.--Where two persons buy a mill jointly, but not as partners, giving joint notes for the price. and afterward enter into partnership in operating the mill, the partnership funds are not applicable to the payment of such notes. J OIN T-STO CK COMPANIES. Are Partnerships. Kramer v. Arthurs, 1847, 7 B., 165.--An unincorporated joint-stock company is a partnership. Management--Majority. Peacock v. Cummings, 1864, 10 YVr., 434; 20 L. Int., 196; 5 Phila., 253.--The management of the interior affairs of a partnershi, unless otherwise provided in the fundamental articles, may be regulate by a majority in number of the members, such numerical majority holding more than half the shares of stock. JUDGMENT. I. Confessed judgments. 1. By one partner in firm name. 2. Other confessed judgments. II. Judgments against partners, enerally. 1. Form--validity--reviv: fi, etc. 2. Effect of the judgment. 3. Lien of the judgment. III. Other judgments. IV. Errors of judgment. Judgment for want of suflicient aflidavit of defence, see AFFIDAVIT or DEFENCE. I. CONFESSED J U DGMENTS. 1. By one partner infirm name. How Far Binding. Trenwith v. Meeser, 1877, 34 L. Int., 140, C. P.; 12 Phila. 366.A partner cannot bind his copartner by confession of a judgment.---See also Bitzer v. Shunk, 1841, 1 W. & S., 340; Quillen v. Lawrence, 4 W. N. C., 239. Ross v. Howell, 1877, 3 Nor., 129; 4 W. N. C., 25; 34 L. Int., 312; 17 Am. L. Reg., 206.---A...
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Product details

  • Paperback | 170 pages
  • 189 x 246 x 9mm | 313g
  • United States
  • English
  • black & white illustrations
  • 1236915526
  • 9781236915528