How The Partnership Law Has An Effect On The Other Partner...

The purpose of this assignment is to explain how the Partnership Law can be applied in a partnership agreement whether a partner’s actions have an effect on the other partner. The authority in Section 4 of the Partnership Act 1908 defines partnerships as â€Å"the relation which subsists between persons carrying on a business in common with to profit† (Partnership Act, 1908). The Act defines any agreement made between two people is considered to be a partnership as long as they both agreed to do business together with the purpose of making profit. Additionally, the partnership is also collectively called a ‘firm’ as stated in Section 7 according to the Act. Thus, the partnership between Art and Craft will be referred to as a ‘firm’ in this essay. For the purpose of clarity, the two questions will be referred to as Case I and Case II respectively and will be answered in two parts by applying principles stated in the Partnership Act namely; Section 8, Section 9, Section 39 along with its sub-sections, and common law cases that are relevant depending on the circumstances. The main purpose of this essay is to analyse the case in question and to justify whether or not the partnership is liable to the outside parties concerned and how the likelihood of the outcome affects the partnership’s obligations. CASE I: First of all, the legal question in Case I is to justify whether Craft’s action can bind the firm and his partner Art to the supplier. To consider whether the firm is liable,Show MoreRelatedSame Sex Marriage Essay1370 Words   |  6 PagesWhat are others doing? Canada is not the first country in the world to address whether and how to legally recognize same-sex unions. 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