Zusammenfassung der Ressource
Frage 1
Frage
A partnership is a contract between 2 or more parties who wish to carry on a business as a partnership
Frage 2
Frage
Section [blank_start]1[blank_end] of the [blank_start]Partnership Act[blank_end] [blank_start]1890[blank_end] defines partnerships as "the [blank_start]relation[blank_end] which subsists between [blank_start]persons[blank_end] carrying on a business in common with a view to [blank_start]profit[blank_end]"
Antworten
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1
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2
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Partnership Act
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1890
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1980
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1999
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relation
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relationship
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persons
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partners
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profit
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win
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Partner Act
Frage 3
Frage
A written agreement is necessary to set out the agreement between the parties in a partnership
Frage 4
Frage
What will happen when partners fail to agree
Frage 5
Frage
What do the default provisions state inter alia?
Antworten
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Each partner shall contribute equally to the partnership capital
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Each partner should invest all of their money
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Each partner will share equally the profits and losses of the partnership
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Each partner is an agent of the business (and of the other partners) for contracts in the ordinary course of business
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Each partner is an agent of the partnership (and of the other partners) for contracts in the ordinary course of business
Frage 6
Frage
If the partnership wishes to trade in a name other than the names of the partners, it must register the name of the partnership with the [blank_start]Register of Business names[blank_end] under the [blank_start]Business Names Act 1985[blank_end] and before the name will be registered, the [blank_start]Registrar[blank_end] requires to be satisfied that the name is not too like an already registered name and does not contain any restricted words such as [blank_start]Bank[blank_end], [blank_start]Pharmaceutical[blank_end], [blank_start]Royal[blank_end] or [blank_start]Insurance[blank_end].