[ Partnership ]
The 'ndoin
Act
Business Law -
Chapters -
Revision Notes 1932
• MI :
Partnership -
General Nature
Deff :
. -
agreed -
share
profit -
of business
carried all / I I
acting for all
- -
.
pau-nefbdtpf-E.fm#NFENameaboap
Poisons
Elements
mandatory
→ 5 :
coexist
⑧
to to too d- ↳
- - --
- - - -
- -
÷g
Business
--
1$,
-
Association agreement business Shhepugt
agreement any ,
g- conduct
( nature of PD
f -
-
must exist
essential
amore all ,
voluntary
Trade/ Spanner
person whole anyone
+ ocypny acting
contractual Not ✗
recognize * for
bylaw only ↳ share ✓
all -
Gain motive
REX
• means any manner
⑧
Althlmlht & Loss Next
minor must sharing
is
s Pag
Benefit ✓ no intention
not ✗
G. ✓
464 → limit -50 partners ) of ( Busitgain)
=/ No Po
imp
,Aet silent d) •
g partner
all Loss
about Max Partners Egress implied ( But agree)
① By
✗ d else
50 LIMIT .
oral written
•
consistent
tt Loss share
course
PSR
1¥ =
of
't
conduct only
-
i. show
Mutual
understanding
*
Business-like conduct lKDkamath4→-
carry gall 1
for
all = Cardinal Principle Of Partnership Law
11
contract Mutual
Binding It
of Agency
True Test
of Partnership =
Profit shaoe
Law :
KD Kamath Glo
Mutual
agr
has Bank borrow etc
one partner power Exclusive -
,
He
a # -
Destructive not É
provided (profits )
agency
+
, NI i. Land Rent =
Partnership ✗
Charitable .
club ✗
True Test ¥
A is / is not PF =
Real relation drat
group
=
-
:÷÷
• To
9T ? profit
agreement É?
sharing agency
status ✗
essential CARDINAL
egteufetc
•
•
•
helps to conclude
• conclusive ✗
partner
✓
•
strong
d
test
/\
UT 3rd principal agent o
chat ☒ last
\ l
t
whats not other
partne
Partnership even
after profit sharing
joint holding property
|
+ Gross Return
share
.
.
varying profit contingent uponeainy
.
- ,
The 'ndoin
Act
Business Law -
Chapters -
Revision Notes 1932
• MI :
Partnership -
General Nature
Deff :
. -
agreed -
share
profit -
of business
carried all / I I
acting for all
- -
.
pau-nefbdtpf-E.fm#NFENameaboap
Poisons
Elements
mandatory
→ 5 :
coexist
⑧
to to too d- ↳
- - --
- - - -
- -
÷g
Business
--
1$,
-
Association agreement business Shhepugt
agreement any ,
g- conduct
( nature of PD
f -
-
must exist
essential
amore all ,
voluntary
Trade/ Spanner
person whole anyone
+ ocypny acting
contractual Not ✗
recognize * for
bylaw only ↳ share ✓
all -
Gain motive
REX
• means any manner
⑧
Althlmlht & Loss Next
minor must sharing
is
s Pag
Benefit ✓ no intention
not ✗
G. ✓
464 → limit -50 partners ) of ( Busitgain)
=/ No Po
imp
,Aet silent d) •
g partner
all Loss
about Max Partners Egress implied ( But agree)
① By
✗ d else
50 LIMIT .
oral written
•
consistent
tt Loss share
course
PSR
1¥ =
of
't
conduct only
-
i. show
Mutual
understanding
*
Business-like conduct lKDkamath4→-
carry gall 1
for
all = Cardinal Principle Of Partnership Law
11
contract Mutual
Binding It
of Agency
True Test
of Partnership =
Profit shaoe
Law :
KD Kamath Glo
Mutual
agr
has Bank borrow etc
one partner power Exclusive -
,
He
a # -
Destructive not É
provided (profits )
agency
+
, NI i. Land Rent =
Partnership ✗
Charitable .
club ✗
True Test ¥
A is / is not PF =
Real relation drat
group
=
-
:÷÷
• To
9T ? profit
agreement É?
sharing agency
status ✗
essential CARDINAL
egteufetc
•
•
•
helps to conclude
• conclusive ✗
partner
✓
•
strong
d
test
/\
UT 3rd principal agent o
chat ☒ last
\ l
t
whats not other
partne
Partnership even
after profit sharing
joint holding property
|
+ Gross Return
share
.
.
varying profit contingent uponeainy
.
- ,
