PARTNERSHIP
Categories: Contracts
Definition (1910 Edition)
profits and losses between them. 8tory, Partn. § 2; Colly. Partn. § 2; 3 Kent, Comm. 23.
branch of business, as distinguished from the general business of the parties, or for one par ticular venture or subject. Bigelow v. El nae 8 Fed. Cas. 351. Under statutes. A limi
branch of business, as distinguished from the general business of the parties, or for one par ticular venture or subject. Bigelow v. El nae 8 Fed. Cas. 351. Under statutes. A limi
UK Law Commentary
Status: ✅ Still applies. Relationship carrying on business in common with view to profit. Each partner is agent for the firm.
Modern Application
📜 Partnership Act 1890 • Limited Liability Partnerships Act 2000 • legislation.gov.uk
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
reference only and does not constitute legal advice.