COMPANY LAW Flashcards
1
Q
SOLE TRADER
A
- one person operated, assets + business assets intertwined
- Contracts in their own name + have personal liability
2
Q
GENERAL PARTNERSHIP
A
individuals pool their capital together to create/expand business
3
Q
THE PARTNERSHIP ACT 1890 S1
A
” partnership is the relation which subsists between persons carrying on a business in common with a view of profit”
