WritingLaw (Page 74)

14. The property of the firm. Subject to contract between the partners, the property of the firm includes all property and rights and interests inRead More →

15. Application of the property of the firm. Subject to contract between the partners, the property of the firm shall be held and used byRead More →

16. Personal profits earned by partners. Subject to contract between the partners,- (a) if a partner derives any profit for himself from any transaction ofRead More →

17. Rights and duties of partners. Subject to contract between the partners- (a) after a change in the firm- where a change occurs in theRead More →

CHAPTER IV – RELATIONS OF PARTNERS TO THIRD PARTIES 18. Partner to be agent of the firm. Subject to the provisions of this Act, aRead More →

19. Implied authority of partner as agent of the firm. (1) Subject to the provisions of section 22, the act of a partner which isRead More →

20. Extension and restriction of partner’s implied authority. The partners in a firm may, by contract between the partners, extend or restrict the implied authorityRead More →

21. Partner’s authority in an emergency. A partner has authority, in an emergency, to do all such acts for the purpose of protecting the firmRead More →

22. Mode of doing act to bind firm. In order to bind a firm, an act or instrument done or executed by a partner orRead More →

23. Effect of admissions by a partner. An admission on representation made by a partner concerning the affairs of the firm is evidence against theRead More →

24. Effect of notice to acting partner. Notice to a partner, who habitually acts in the business of the firm of any matter relating toRead More →

25. Liability of a partner for acts of the firm. Every partner is liable, jointly with all the other partners and also severally, for allRead More →

26. Liability of the firm for wrongful acts of a partner. Where, by the wrongful act or omission of a partner acting in the ordinaryRead More →

27. Liability of firm for misapplication by partners. Where- (a) a partner acting within his apparent authority receives money or property from a third partyRead More →

28. Holding out. (1) Any one who by words spoken or written or by conduct represents himself or knowingly permits himself to be represented, toRead More →

29. Rights of transferee or a partner’s interest. (1) A transfer by a partner of his interest in the firm, either absolute or by mortgage,Read More →