RIGHTS OF THE PARTNERS Various rights and duties contained in Sections 12 to 17 are “subject to contract between partners”: 1. Section 12(a) – Right to take part in conduct of business. 2. Section 12(c) – Right to express opinionAny…
RELATIONS OF THE PARTNERS INTER SE Two fundamental principles govern relations of partners to one another:I. The principle of Absolute Good Faith. (Section 9)II. The principle that mutual rights and duties can be determined by Voluntary Agreement.(Section 11)Section 11 of…
DISTINCTION BETWEEN PARTNERSHIP FIRM AND HINDU JOINT FAMILY: Broadly, a partnership firm is a mode of carrying on of the business, whereas the Hindu JointFamily is a kind of social system. The difference between the two can be seen from…
DISTINCTION BETWEEN FIRM AND CO-OWNERSHIP Co-ownership is not a partnership. But the law does not prevent the co-owners to become partners. CreationPartnership is created by the contract between the persons called partners.Co-ownership may be created by contract or by the…
Partnership at will When the partners have not decided about the duration of partnership such partnership is known as partnership at will. According to Section 7 “where no provision is made by contract between the partners for the duration of…
RIGHTS OF THE PARTNERS Various rights and duties contained in Sections 12 to 17 are “subject to contract between partners”: 1. Section 12(a) – Right to take part in conduct of business. 2. Section 12(c) – Right to express opinion…
Q. What are the principles of evidence? Ans. The fundamental principle of the law of evidence, namely that evidence must be confined to the matters in issue, is qualified by the following two fundamental principles: 1. Hearsay evidence is not…
Q. What is the difference between legal or logical relevancy? Ans. There are two cardinal principles of the law of evidence. What is relevant may be proved; but everything that is relevant may not be admissible as evidence. This admissibility…
Q. What do you understand by Substantive and Adjective Law? In which category do you place the law of evidence? Explain. [HR.J.S. 2001] Ans. The complete ‘corpus juris’ i.e., a body of laws, is divided into two categories substantive laws…