A Manual of Partnership Relations Electronic Resource Treating of the Nature
A Manual of Partnership Relations Electronic Resource Treating of the Nature
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In our eReader you can find the full English version of the book. Read A Manual of Partnership Relations Electronic Resource Treating of the Nature Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Manual of Partnership Relations Electronic Resource Treating of the Nature
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RELATIONS TO THIRD PERSONS. 85 beyond the ordinary authority of the partner, but such a note after it was passed on for value to an innocent holder would bind the firm. 9 An endorsement of the firm name by a part- ner on the note of a third party, outside of the scope of part- nership business, would be void. 10 58. Purchase and Sale of Personal Property.
A partner has full power to buy and sell personal prop- erty within the scope of the partnership business, and the firm will be bound by his ...transactions. 11 This power does not ex- tend to the sale of property used by the firm for carrying on the firm business as such a sale would tend to destroy the part- nership business. 12 For the same reason one partner has no power to sell the entire assets of the partnership. 13 Where a sale is to be made of the stock in trade ; or of the entire assets, or of fixtures or furniture, all of the firm should join in the assignment. As to power of a partner to assign for benefit of creditors, see 60, Assignment for Benefit of Creditors.
What to read after A Manual of Partnership Relations Electronic Resource Treating of the Nature?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Conyngton to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
RELATIONS TO THIRD PERSONS. 85 beyond the ordinary authority of the partner, but such a note after it was passed on for value to an innocent holder would bind the firm. 9 An endorsement of the firm name by a part- ner on the note of a third party, outside of the scope of part- nership business, would be void. 10 58. Purchase and Sale of Personal Property.
A partner has full power to buy and sell personal prop- erty within the scope of the partnership business, and the firm will be bound by his ...transactions. 11 This power does not ex- tend to the sale of property used by the firm for carrying on the firm business as such a sale would tend to destroy the part- nership business. 12 For the same reason one partner has no power to sell the entire assets of the partnership. 13 Where a sale is to be made of the stock in trade ; or of the entire assets, or of fixtures or furniture, all of the firm should join in the assignment. As to power of a partner to assign for benefit of creditors, see 60, Assignment for Benefit of Creditors.
What to read after A Manual of Partnership Relations Electronic Resource Treating of the Nature?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Conyngton to read onlineMoreLess
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