Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Rules for Partnership - Partnership Law
(i) Whether the receipt through a person of a debt or other liquidated amount through instalments, or otherwise but out of the accruing profits of a business does not of itself make him then a partner in the business or liable as such. So further this is a creditor.
(ii) Whether a contract for the renumeration of a servant or agent of a person occupied in a business thorugh a share of the profits of the business does not about itself make the servant or agent a partner in such business or liable as such. Since the person is an employee there.
(iii) Whether a person, being the widow or may child of a deceased partner and receiving through way of annuity a portion of the profits made in such business whereas the deceased person was a partner there is not through reason only of such receipt a partner in such business or liable as such.
(iv) Whether the advance of money through way of a loan for a person engaged or about for engage in any business, so or a contract with that person such the lender shall receive a rate of interest varying regards the profits arising from carrying at the business, does not about itself make the lender a partner with the person or persons carrying out such the business or liable as such. Further provided that the contract is in writing, and signed through or on behalf of all the parties to it. Hence this is so because he is a creditor.(v) Whether a person receiving by way of annuity or otherwise a portion about the profits of a business, in such consideration of the sale through him of the goodwill of the business, is not through reason only of such receipt a partner in such the business or liable as such. Moreover this is so since is a seller of goodwill.
QUESTION 1 (a) What are the various alternatives that exist to settle a dispute besides going to court (b) What are their respective advantages and disadvantages QUESTIO
Classification of Companies: Section 389 of the Companies Act provides that "no company there association or may partnership consisting of more than twenty persons shall be fo
Hi do you have solutions for 32228-05 question on law
Reconstructions, Mergers And Winding Up: (a) Reconstructions, mergers and takeovers are not defined terms. A reconstruction may be an alternative of the structure of a group o
Suppose your employer wanted to include a restraint of trade clause in your employment agreement. Prepare and set out an instance of this clause that would be applicable to you in
The research methods module arrives towards the end of the MBA programme and is not only intended to integrate knowledge acquired on the programme, but also to provide an understan
Many stakeholders emphasised that it would be difficult to quantify phoenix activity as phoenix operators are very skilled at 'flying under the radar'. Impacts, beyond those listed
1. What is purpose of section 91 and section 92 of the Constitution Act, 1982? 2. Explain the risk assumed by an unlicensed tradesperson (eg. Electrician or Plumber) when ent
QUESTION 1 (i) What are closed shop agreements and whether there are any legal remedies if such agreements do exist? (ii) Industrial relations are the relationships between
Necessity - Law of Agency and Partnership Therefore an agency of necessity may subsist either domestic or commercial: Commercial Agency of Necessity: Although
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd