 ... of two or more competent persons, to place their money, effects, labor and skill, or some or all of them, in lawful commerce or business, and to divide the profit and bear the loss in certain proportions.  The Southwestern Reporter - Page 371915Full view - About this book
 | New Jersey. Court of Chancery - Law reports, digests, etc - 1901 - 726 pages
...Davenport, 19 Vr. 130, is usually defined to be "a voluntary contract between competent persons to place their money, effects, labor and skill or some or all of them in lawful commerce or business, upon the understanding that there shall be a communion of the profits thereof between them." In the... | |
 | James Kent - Law - 1832 - 536 pages
...partnerships. Partnership is a contract of two or more persons, to place their money, effects, labour and skill, or some, or all of them, in lawful commerce or business, and to divide the profit, and bear the loss, in certain proportions." The two leading principles of the contract are,... | |
 | Pennsylvania. Supreme Court, Thomas Isaac Wharton - Law reports, digests, etc - 1836 - 580 pages
...contracted. Partnership is a contract of two or more persons to place their money, effects, labour, and skill, or some, or all of them, ' in lawful commerce or business, and to divide the profits, and to bear the loss, in certain proportions. It is not the actual perception j of profits, that constitutes... | |
 | Arkansas. Supreme Court - Law reports, digests, etc - 1841 - 662 pages
...Partnership is defined by Kent, 3d vol. Com. 23, 24, to be a contract of two or more persons to place their money, effects, labor, and skill, or some or...in lawful commerce or business, and to divide the profit and bear the loss in certain proportions. The two leading principles of the contract are a common... | |
 | Esek Cowen - Justices of the peace - 1841 - 590 pages
...are deemed partners by the law, where they go shares in the profits of any trade, or where they place their money, effects, labor and skill, or some, or all of them, in lawful commerce or business, under an agreement to divide the profit, and bear the loss in certain proportions, whether they are... | |
 | Joseph Story - Partnership - 1846 - 796 pages
...copartnership, is usually defined to be a voluntary contract between two or more competent persons to place their money, effects, labor, and skill, or some or all of them, in lawful commerce or business, with the understanding, that there shall be a communion of the profits thereof between them.2 PufTendorf... | |
 | Matthew Bacon, Sir Henry Gwilliam, Charles Edward Dodd - Law - 1846 - 890 pages
...be a voluntary contract between two or more competent persons to place their money, effects, labour, and skill, or some, or all of them, in lawful commerce or business, with the understanding that there shall be a communion of the profits thereof between them. Story on... | |
 | George Spence - Civil procedure - 1846 - 708 pages
...a voluntary contract between two or more competent persons to employ their money, effects, labor or skill. or some or all of them, in lawful commerce or business, with the under(o) Dis. iv. 3. 36. part of the lawes of this realm for the »d(6) "Fraus non est fallere... | |
 | Alabama. Supreme Court - Law reports, digests, etc - 1893 - 776 pages
...comprehensively accurate than that of Chancellor Kent : "A contract of two or more competent persons to place their money, effects, labor and skill, or some or...in lawful commerce or business, and to divide the profit and bear the loss in certain proportions.1" — 3 Kent's. Com. 23. To constitute the relation... | |
 | Alabama. Supreme Court - Law reports, digests, etc - 1878 - 738 pages
...payment of the debts they may contract. A partnership is an association of two or more persons, uniting "their money, effects, labor, and skill, or some or all of them, in lawful commerce or business," the profits to be divided, or the losses borne, in the proportions which may be agreed on by the partners.... | |
| |
