The Law of Partnership volume 1

Cover The Law of Partnership volume 1
The Law of Partnership volume 1
Clement Bates
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Ca. ) Eq. 25. See Newton tJ. Acres of land bought with partner- Doran, 3 Grant's Ch. (Up. Can. ) 353. Ship funds, and conveyed to the part- SBallantine v. Frelinghuysen, 38 ners as tenants in common and used N. J. Eq. 266; Lane v. Tyler, 49 Me. To raise corn for the distillery, was 252, 253. That it may be considered individual or partnership property, as partnership property to tiie extent itisheld that the land was an incident of the value of the improvements, 278 REAL ESTATE. § 284.
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...sing his land without paying him for it, or giving hira a credit on the books, would not show such intention, ^ or making mere temporary improvements on land held in common with partners, as against written references by and between the partners to the land as held in common.^ Or paying incidentally a single instalment of purchase money out of partnership funds on a prior contract on separate ac- count gives no right except to reimbursement. ' §283. Taken for debt. — Eeal estate taken by part- ners in satisfaction of a debt, or received in the collection of a, claim, or purchased on foreclosure of a mortgage securing a partnership debt, is deemed to be partnership property, and held in the proportion of their interest in the firm, in the absence of evidence showing a conversion of it into sepa- rate property.

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