Partnership Act Essay

1201 Words Nov 17th, 2010 5 Pages
TOPIC |SECTION, EXPLANATION |CASES | |
|PARTNERSHIP |3 element of partnership (s.1) (s.2 (1)): | |
| |1. Carrying on business (call ‘continuity’ test) |- Smith v Anderson (1880) |
| | |Expression carrying on business implies a repetition of acts and excludes the case of an |
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| | |- Cox v Hickman (1860) |
| |2. ‘In Common’-relates to the facts that the partners are agent for each other and is the |Law as to partnership is undoubtedly a branch of the law of principle and agent. So, if 2 or |
| |rationale for a partner’s liability for debts. The existence of mutuality doesn’t mean |more agree that they should have carry on trade and share the profit of it is bound by the |
| |that

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