The book The Students Guide to the Principles of Equity was written by author John Indermaur Here you can read free online of The Students Guide to the Principles of Equity book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Students Guide to the Principles of Equity a good or bad book?
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(J. State shortly the provisions of the Partnership Act 1890 as to the misapplication of money received for a firm. A and G 82 THE student's guide to the B are solicitors in partnership. C, a client of the firm, hands a sum of money to A, to be invested in a specified security, and subsequently a further sum, with general directions to invest it for him. A never invests either sum, but applies both sums to his own use. B knoivs nothing of the trans- actions. Is he liable to make good either of ...the losses ? A. In the following cases, viz. : {a) Where one partner acting within the scope of his apparent authority receives the money or property of a third person and misapplies it ; and (b) where a firm in the course of its business receives money or property of a third person, and the money or property so received is misapplied by one or more of the partners while it is in the custody of the firm, the firm is liable to make good the loss (Section 11). As to the first sum of money handed by C to A, B also is liable since this is part of the ordinary business of solicitors (Blair v.
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