Wedgwood's Government and Laws of the United States: Containing the Whole Body of American Law, Both State and National, Fully Presented in the Most Compact and Intelligible Form, Together With the Legal History of the Nation. for the Use of Libraries, Fa
Wedgwood's Government and Laws of the United States: Containing the Whole Body of American Law, Both State and National, Fully Presented in the Most Compact and Intelligible Form, Together With the Legal History of the Nation. for the Use of Libraries, Fa
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1868 Excerpt: ...will be considered and treated as real estate. Improvements made with partnership funds on real estate belonging to one of the partners, will be treated as personal property of the partnership. The widow is entitled to dower in the share cf partnership real property which belongs to her deceased husband's estate, after ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1868 Excerpt: ...will be considered and treated as real estate. Improvements made with partnership funds on real estate belonging to one of the partners, will be treated as personal property of the partnership. The widow is entitled to dower in the share cf partnership real property which belongs to her deceased husband's estate, after all the debts and liabilities of the firm arc paid. 4. The good-will of a partnership may be considered as property for many purposes. Although it cannot be attached, it may be assigned for the benefit of creditors. A new partner cannot be introduced into the firm, without the consent of all the partners. If one partner should sell his interest in the partnership, this would effect a dissolution of the partnership. A partnership may be formed by a written or parol agreement. Partners generally agree to enter into business together, and share the profits and losses. In the absence of specific stipulations or controlling evidence, the presumption of law is that the partners share the profits and losses equally. A partner Inay take any share of the profits which may be agreed upon by the partners. If a person is to reserve one-tenth of the profits for his services, he is still a partner. If he is to receive a salary equal in amount to one-tenth of the profits, this would not make him a partner. It would not give him any control in the business, or render him liable for the debts of the firm. 3. What property may be held in partnership? To what is real estate still subject t When real estate is purchased with partnership funds, how will it be treated? For what is it held liable? How will the share of a deceased partner in the surplus of the real estate be considered, after the debts are paid? If improvements are made with partnership funds on the...
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All Editions of Wedgwood's Government and Laws of the United States: Containing the Whole Body of American Law, Both State and National, Fully Presented in the Most Compact and Intelligible Form, Together With the Legal History of the Nation. for the Use of Libraries, Fa