The Student's Guide to the Principles of Equity

Cover The Student's Guide to the Principles of Equity
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A. Under the Partnership Act 1890 (sec. 23), the judge on summons may make an order charging the partner's interest in the partnership property with payment of the judgment debt, and may appoint a receiver of that partner's share, and may order all accounts and inquiries, and make all directions which might have been made if the charge had been made by the partner, or which circumstances require. The other partners are at liberty to redeem the interest charged, or, if a sale is directed, to pur
...chase. Under section 33, such an order may be treated by the other partners as a dissolution.
(Indermaur & Thwaites' Equity, 186, 187.) Q. State shortly the provisions of the Partnership Act 1890, as to misapplication of money received fm' a firm. A and B are solicitors in partnership. G, a client of the firm, hands a sum of money to A, to he invested in a specified security, and subsequently a further sum, ivith general directions to invest it for him,. A never invests either sum, hut applies hoth to his own use.


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