1. PARTNERSHIP ACT 1908

Get Started. It's Free
or sign up with your email address
Rocket clouds
1. PARTNERSHIP ACT 1908 by Mind Map: 1. PARTNERSHIP ACT 1908

1. LAW

1.1. Partnership Act 1908

1.2. Courts Decision/ Interpretation

1.3. General/Common Law

2. NATURE

2.1. Contractual

2.1.1. Express / Implied

2.1.2. s27 - rights&duties by agreement

2.1.3. s22 - rights&duties consent

2.2. Privity

2.2.1. agreement enforced between partners

2.2.2. doctrine of privity & ostensible authority

2.2.3. doctrine exceptions - Contracts (Privity) Act 1982

2.3. Agency

2.3.1. Privity except 3rd party not know they're partner/ aware of partners's lack authority

3. DEFINITION s4(1)

3.1. business (s2) must be carried on

3.1.1. Welch (fishing)

3.1.2. Harrison v Franich (stallion, hobby but profit)

3.1.3. National Insurance v Bray (single venture)

3.1.4. Khan v Miah (agree to carry business)

3.2. by persons in common s5(a)

3.3. view to profit

3.3.1. Cox v Coulson (s5(b) gross profit not p/ship)

3.3.2. Davis v Davis (s5(c) all circumstances)

4. TYPES

4.1. Active

4.1.1. manage, contribute capital

4.2. Hidden

4.2.1. not manage, contribute but not known

4.2.2. True partner, debt liable

4.3. Salaried

4.3.1. receive profit by salary, known, TP depends

4.3.1.1. Walker v Hirsch (loan, not p/ship)

4.3.1.2. Stekel v Ellice (annual salary, p/ship)

4.4. Estoppel

4.4.1. not TP but w authority s29, w/o s17

4.5. Limited

5. PARTNERS & PARTNERS

5.1. Contractual

5.2. Fiduciary

5.2.1. s31: render accounts

5.2.2. s32: account for private profit

5.2.3. s33: not compete w/ firm

6. PARTNERS & OUTSIDERS

6.1. s8: Power to bind the firm

6.1.1. Whywait v Davidson

6.2. Partner's authority to act - actual/ostensible

6.3. s12: Contract Liability extent

6.3.1. personally liable to unlimited debts

6.4. s13: Tortorious liability

6.5. s15: tortorious extent

6.5.1. Dubai Aluminium v Salaam

6.6. s20: Duration of Liability

6.6.1. Hamerhaven v Ogge (failure of notice)

7. PROPERTY

7.1. s23: p/ship ppty

7.2. s24: ppty by p/ship money

7.2.1. Harvey v Harvey

8. STATUTORY RIGHTS & DUTIES

8.1. s27

8.1.1. Management (e),(h),(i)

8.1.2. Financial (a),(b),(d),(f)

8.1.3. Partner (G)

9. EXPULSION

9.1. can expel when

9.1.1. s28: express agreement of expulsion power

9.1.2. s3: common law satisfied

9.2. requirement to expul

9.2.1. good faith

9.2.1.1. Blisset v Daniel (personal benefit, not faith)

9.2.2. strict compliance

9.2.2.1. Bond v Hale (expulsion construed by agreement)

9.2.3. natural justice

9.2.3.1. Jackson v Moss (defence must be heard)

9.2.3.2. Northwestern Autosersives (must be told of expulsion)

10. DISSOLUTION

10.1. s35-38