RELATION OF PARTNERS TO THIRD PARTIES Flashcards
AUTHORITY/powers of a partner means?
types of authorities?
implied/assumed authority?
express authority of a partner?
partner’s authority in emergency?
restrictions on implied authority?
liability of partners and firm points names?
legal position if a partner exceeds its authority?
liability of a partner for acts of the firm?
liability of a firm for wrongful acts of a partner?
liability of firm for misapplication of money or property by partners?
effect of notice recieved by a partner?
principle of estoppel or holding out partner point names?
effect of admission/representation by a partner?
principle of holding out partner?
application of principle(when a non partner is liable for debts)?
exception when partner of his estate will not be held liable for debts of firm?
transferee of a partners interest heading points?
transferee of a partners interest?
rights of transferee?
restrictions/disabilities/limitations of transferee?
minor in a partnership points names?
admission of minor into partnership?
legal status of a minor admitted to benefits of partnership point names?
rights of minor admitted to partnership?
liabilities of minor admitted to partnership?
restrictions/disabilities of minor admitted to partnership?
legal status of minor on attaining age of majority?
rights and liabilities if he has elected to become a partner in the firm?
rights and liabilities if he has elected not to become partner in the firm?
