Unit 1 - Partnerships

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Business Organisations Flashcards on Unit 1 - Partnerships, created by katy_mcbride12 on 03/05/2013.
katy_mcbride12
Flashcards by katy_mcbride12, updated more than 1 year ago
katy_mcbride12
Created by katy_mcbride12 almost 11 years ago
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Resource summary

Question Answer
fiduciary duties of partners Don King v Warren and Others
Firm no longer exists when wound up but creditors have rights against the partners and the partners have rights in the assets Duncan v The Marigold
prejudicial conduct - needs to be prejudice against the firm Carmichael v Evans
Suing partnership, name partners as well as firm Antermony Coal Co v Wingate
carrying on a business Khan v Malik
is there a partnership - is it illegal? Everrett v Williams
Course of business. Bribery is a tenuous link for liability Hamlyn v Houston
Partner died - tenant ceased to exist Inland Revenue v Graham's Trs
clause preserving partnership when partner dies will not always be effective Jardine- Paterson v Fraser
Input capital when you join, no previous liability Thomson & Balfour v Boag
Don't input capital when you join, could have previous liability Heddle's Executrix
partners have the duty of reasonable care to each other Ross, Harper & Murphy v Banks
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