Business Organisations Karteikarten am Unit 1 - Partnerships, erstellt von katy_mcbride12 am 03/05/2013.
|
Erstellt von katy_mcbride12
vor etwa 11 Jahre
|
|
Schließen
|
|
Erstellt von katy_mcbride12
vor etwa 11 Jahre
|
|
fiduciary duties of partners
Firm no longer exists when wound up but creditors have rights against the partners and the partners have rights in the assets
prejudicial conduct - needs to be prejudice against the firm
Suing partnership, name partners as well as firm
carrying on a business
is there a partnership - is it illegal?
Course of business. Bribery is a tenuous link for liability
Partner died - tenant ceased to exist
clause preserving partnership when partner dies will not always be effective
Input capital when you join, no previous liability
Don't input capital when you join, could have previous liability
partners have the duty of reasonable care to each other
