 A contract 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.  Commercial Arithmetic - Page 227by Oscar F. Williams - 1894 - 307 pagesFull view - About this book
 | New Jersey. Court of Chancery - Law reports, digests, etc - 1901 - 726 pages
...in Wild v. 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... | |
 | Joseph Rockwell Swan - Constables - 1837 - 614 pages
...OF EXECUTION AGAINST PARTNERS. SEC. I. WHAT CONSTITUTES A PARTNERSHIP. Partnership is a contract of two or more persons, to place their money, effects, labor, and skill, or some or all of these, in a lawful business, and to divide the profits and bear the loss, either equally, or in certain... | |
 | Arkansas. Supreme Court - Law reports, digests, etc - 1841 - 662 pages
...in some other proportion-" 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 all of them in lawful commerce or business, and to divide the profit and bear the loss in certain proportions. The... | |
 | Esek Cowen - Justices of the peace - 1841 - 590 pages
...Persons 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... | |
 | Joseph Story - Partnership - 1846 - 796 pages
...often called 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... | |
 | Alabama. Supreme Court - Law reports, digests, etc - 1893 - 776 pages
...precisely and 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 all of them, in lawful commerce or business, and to divide the profit and bear the loss in certain proportions.1" —... | |
 | 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... | |
 | Alexander Mansfield Burrill - Law - 1851 - 570 pages
...or COPARTNERj SHIP. [Lat. tocietas ; Fr. socielie.] A I contract of two or more competent persons, 1 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, i 3... | |
 | Asa Kinne - Courts - 1852 - 736 pages
...OF PARTNERSHIPS AS BETWEEN THE PARTIES. 1. What is a partnership defined to be 1 It is a contract of two or more 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 propor tions. —... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1890 - 784 pages
...and disabilities consequent upon that relation. A partnership is a contract 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. That... | |
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