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LECTURE 6
THE LAW OF PARTNERSHIP
PRIMARY SOURCE: BOOK 3: CHAPTER 1 AND 2, COMMERCIAL LAW AND INDUSTRIAL LAW,
27TH EDITION BY ARUN KUMAR SEN AND JITENDRA KUMAR MITRA
or more persons.
The agreement must be to share the profits of a
business.
The business must be carried on by all or any of
them acting for all.
Essential elements of partnership
3
1. Person
2. Minor
3. Person of unsound mind
4. Woman
5. Company
6. An alien enemy
When partnership is forbidden by law
7