large/12344/1000things_1807_librivox_64kb_mp3/1000things_32_fowler_64kb_12
large/12344/1000things_1807_librivox_64kb_mp3/1000things_32_fowler_64kb
English
12344
Usually a partner cannot be held for more than his interest in the firm. Partnerships may be dissolved by mutual agreement or by judicial act, and it is usual to publish the dissolution of partnership in one or more of the local newspapers, and to send notices of it to the trade. USUALLY A PARTNER CANNOT BE HELD FOR MORE THAN HIS INTEREST IN THE FIRM PARTNERSHIPS MAY BE DISSOLVED BY MUTUAL AGREEMENT OR BY JUDICIAL ACT AND IT IS USUALLY TO PUBLISH THE DISSOLUTION OF PARTNERSHIP IN ONE OR MORE OF THE LOCAL NEWSPAPERS AND TO SEND NOTICES OF IT TO THE TRADE
e right of control. In other partnerships, the financial investment or interests are unevenly divided; and the one who holds more than half interest controls the business, unless otherwise provided for in the partnership agreement. Partners may be in name only, and not own any of the property. Active partners are those who give practically all of their time to the conducting of the business. Silent partners are not likely to take any active part in the management of the business, but they may control it, if their financial interest is sufficient. Under common law, no partner has a right to engage in any other business which would injure the partnership, unless permitted to do so by the other partners. The acts of one partner bind all of the rest. If one partner commits fraud in the name of the firm, the others are financially responsible, although they may have had no knowledge of his action. The partnership or business may or may not be liable for the private debts of any one partner. E PROFITS AND ALL THE SAME RIGHT OF CONTROL IN OTHER PARTNERSHIPS THE FINANCIAL INVESTMENT OR INTERESTS ARE UNEVENLY DIVIDED AND THE ONE WHO HOLDS MORE THAN HALF INTEREST CONTROLS THE BUSINESS UNLESS OTHERWISE PROVIDED FOR IN THE PARTNERSHIP AGREEMENT PARTNERS MAY BE IN NAME ONLY AND NOT ONLY OF THE PROPERTY ACTIVE PARTNERS ARE THOSE WHO GIVE PRACTICALLY ALL THEIR TIME TO THE CONDUCTING OF THE BUSINESS SILENT PARTNERS ARE NOT LIKELY TO TAKE ANY ACTIVE PART IN THE MANAGEMENT OF THE BUSINESS BUT THEY MAY CONTROL IT IF THEIR FINANCIAL INTEREST IS SUFFICIENT UNDER COMMON LAW NO PARTNER HAS A RIGHT TO ENGAGE IN ANY OTHER BUSINESS WHICH WOULD INJURE THE PARTNERSHIP UNLESS PERMITTED TO DO SO BY THE OTHER PARTNERS THE ACTS OF ONE PARTNER BIND ALL OF THE REST IF ONE PARTNER COMMITS FRAUD IN THE NAME OF THE FIRM THE OTHERS ARE FINANCIALLY RESPONSIBLE ALTHOUGH THEY MAY HAVE HAD NO KNOWLEDGE OF HIS ACTION THE PARTNERSHIP OR BUSINESS MAY OR MAY NOT BE LIABLE FOR THE PRIVATE DEBTS OF ANY ONE PARTNER
large/12344/1000things_1807_librivox_64kb_mp3/1000things_32_fowler_64kb
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download/librilight/large/12344/1000things_1807_librivox_64kb_mp3/1000things_32_fowler_64kb.flac