Partnership Law
51 resources created by 34 users
This Partnership Law page on GoConqr gathers community-made quizzes, mind maps, flashcards and notes, from how a partnership is formed and the authority of a partner to liability, fiduciary duties and dissolution. It's built for university students revising a topic or filling gaps, and for teachers after ready-made material. There are over 50 resources here, including more than 5 quizzes, over 10 mind maps and over 20 flashcard decks or sets, made by more than 30 contributors. Pick a map, try a quiz to find your gaps, then make your own notes.
Top Partnership Law resources
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37 questionsLaw If people act as though they are in partnership before a written agreement is signed, will partnership will...
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55 cardsPartnerships-PA What is the definition of a partnership?
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31 questionsPartnerships What governs traditional partnerships?
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12 questionsCompany Partnerships
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42 cardsFlashcards Where do you register the name of a partnership?
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52 cardsChapter 37 Once all of the partnership assets have been gathered the assets are —————
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35 cardsChapter 36: Partnerships
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53 cardsBLAW PP20 Partnerships Uniform partnership act
Quizzes
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37 questionsLaw If people act as though they are in partnership before a written agreement is signed, will partnership will...
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31 questionsPartnerships What governs traditional partnerships?
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12 questionsCompany Partnerships
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9 questionsATAP
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11 questionsUntitled
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6 questionsPartnerships A partnership is a contract between 2 or more parties who wish to carry on a business as a partnership
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6 questionsPartner or Lender (4) Lender Required borrowers property go in trust
Mind maps
See all 17 mind mapsFlashcards
See all 26 flashcards-
55 cardsPartnerships-PA What is the definition of a partnership?
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42 cardsFlashcards Where do you register the name of a partnership?
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52 cardsChapter 37 Once all of the partnership assets have been gathered the assets are —————
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35 cardsChapter 36: Partnerships
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53 cardsBLAW PP20 Partnerships Uniform partnership act
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16 cardsAgency & Partnerships - Partnerships What is the definition of a partnership?
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22 cardsUntitled How long has the partnership lasted?
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18 cardsChapter 27 Vocab
Notes
Topics in Partnership Law
More Commercial and company law topics
About Partnership Law
GoConqr OriginalWhat this unit covers
The resources follow the life of a partnership. They start with the definition in section 1 of the Partnership Act 1890: persons carrying on a business in common with a view of profit. They then move through creation, profit sharing, authority, liability, fiduciary duties and dissolution. Some decks also cover Indian and US-style partnership rules, so check which law a resource follows before you rely on it.
Where to start
Begin with the mind map What is a partnership. It breaks section 1(1) into its parts: persons, carrying on a business, and a view of profit. Then open the mind map Partnerships, which sets out what a partnership is and is not, including joint ownership and the sharing of gross returns. The notes titled Partnership. give a longer written account of formation, capacity, formalities and proof that a partnership exists.
Authority and liability
Next, read the mind maps Authority of a Partner and Liability of Partners. The first separates actual authority from apparent authority under section 5. The second covers sections 9, 10 and 11, including joint and several liability for wrongful acts in the ordinary course of business. Liability of Partners to Third Parties adds the detail on contracts.
Using quizzes with maps
Read a map first, then test yourself. The quizzes include Partnerships, Company Partnerships and Partner or Lender, which fits the question of when sharing profit does not make a partnership. Note which answers you missed, go back to the matching map branch and try again. Flashcards such as Section 24 - Partnership Act 1890 and Partnership Act 1890 help with the statute wording.
Where it sits
This unit belongs to the Business Organisations and Company Law strand of Commercial and company law. Teachers can use the maps as ready-made starting points for a seminar or revision handout. Choose a resource that suits you and build your own versions as you go.
Frequently asked questions
Which resource should I open first?
Start with the mind map What is a partnership. It sets out section 1(1) of the Partnership Act 1890 piece by piece: persons, carrying on a business, and a view of profit. After that, move on to the maps on authority and liability, then test yourself with a quiz.
What do the mind maps on this page cover?
They cover the definition of a partnership, its creation, profit sharing, the authority of a partner, liability to third parties, fiduciary duty of partners and dissolution. There is also a map on the Partnership Act 1890 and one on Partnership Law and Limited Liability Partnership.
Are there quizzes for this unit?
Yes, there are more than 5 quizzes. Titles include Partnerships, Company Partnerships and Partner or Lender. Use them after reading a map to see which areas, such as authority or liability, need another look.
Are the resources free, and who made them?
Every resource listed here is free to open, study and take, with no account needed. They were made by GoConqr users, not by GoConqr itself, and more than 30 contributors have added to this unit. A free account lets you save quiz scores and make your own.
Who are these resources for?
Most of the material is at university level, so university students are the main group. Teachers can also use the maps, decks and quizzes as ready-made material. Some resources follow other laws, such as the Indian Partnership Act, 1932, so check the jurisdiction.
What if I can't find the topic I need?
Look at the related titles first. Topics like dissolution, fiduciary duties and piercing the corporate veil each have their own resource. If something is still missing, you can make your own notes, flashcards or mind map and use the listed ones as a model.