Unit 1 - Partnerships

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