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PARTNERSHIP LAW - Coggle Diagram
PARTNERSHIP LAW
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Nature
Not a separate legal entity
2-20 partners except for professional partnership
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SECTION 3(1)
The RELATION which subsists between PERSONS carrying on business IN COMMON with a view of PROFIT.
SECTION 3(2)
Clubs, societies, building association is NOT partnership.
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- Relationship of partners Inter Se
Sec. 7 – All acts done by a partner bind another
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