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Partnerships - Unincorporated Associations
Conversely Partnership is defined through S.3 (1) of the Partnership Act as "the relation that subsists between persons carrying at a business in common with a view of profit". Conversely it should be noted such this is a definition of the relationship would exists between the individual persons that who are trading as partners rather than a definition of or justifying the apparent entity called a "partnership". Therefore a partnership is not a body corporate it means, has no legal personality and does not exist like a as a legal entity. Therefore it cannot continue a business. But S.6 of the Act states such persons who have entered into partnership with one another that are called collectively a firm, thus the name under that their business is carried on is identify the firm name.
Frantic Fast Foods had earnings after taxes of $420,000 in 2012 with 309,000 shares outstanding. On January 1, 2013, the firm issued 20,000 new shares. Because of the proceeds from
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QUESTION 1 (a) What are the ways in which a contract may be terminated? (b) Elaborate on two of them QUESTION 2 When do property, risk and title pass in a contract?
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