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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.
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i want to know the complete history of business.
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