Partnership. 1. What is a partnership? It is the relation existing between persons who have agreed to combine their property, labor, or skill, or some or all of them, iD lawful commerce or business, and to share the profits thereof be tween them. George on Partnership, pages 2-8. 2. Can a partnership be created by operation of law? A partnership can be created only by an agreement between the parties, either express or implied, and is never created by operation of law. George, p. 9. 3. What persons are competent to become partners? Any person who is capable of contracting generally may be a partner This excludes alien enemies, idiots, lunatics, and married women, unless enabled by statute A contract of partnership made by an infant is held to be voidable and not void, and he is held liable in any case to the extent of the profits he has received. Corporations cannot enter into the contract of partnership. George, pp. 10-16. 4. Can husband and wife become partners? The weight of authority holds that they cannot, although some courts have held that they can. George, p. 14. 5. Is a sharing of the losses necessary to constitute a partnership? Although it is usual for the partners to share the losses as well as the profits, this is not essential, and an agreement that all losses shall be borne by one partner is not necessarily invalid. George, p. 117. 6. What may be the subject-matter of a partnership? A partnership may be formed for the purpose of carrying on any business for profit which is not unlawful or opposed to public policy. George, pp. 23-28. regarding the new edition of The Central Law St. Louis, Mo. The College "We are glad to notice that this book endeavors to instill correct principles into the legal student.' "The new edition is the most complete law quizzer published for the use of the American law student. No person studying law can afford to be without this work. It is a thorough, accurate, and systematic review of the fundamental principles of the subjects embraced in a full law course." Yale Law Journal. "The result accomplished by this work is to present to the student in logical order a discussion of the various subjects of the law, each arranged in the form of questions and answers. Neither is the work a compendium of disconnected questions and answers, but each subject considered is a treatise presented in the form of questions and answers, leading the student step by step from one principle to another. The work is remarkably comprehensive, considering the limited size of the volume. The Phonograph Record. " "The book is extremely valuable to law students, and is a boon to those about to apply for admission to the bar." By HENRY CAMPBELL BLACK, M. A., Author of Black's "Constitutional Law," "Judgments," "Tax Titles," etc. The work has been recognized as the most convenient and comprehensive one-volume dictionary of the law. It contains definitions of the terms and phrases of American and English jurisprudence, ancient and modern, including the principal terms of international, constitutional, and commercial law, together with a collection of legal maxims, and also numerous select titles from the civil law and other foreign systems. It is chiefly required in a dictionary that it should be comprehensive. Its value is impaired if any single word that may reasonably be sought within its covers is not found there. But this comprehensiveness is possisible (within the compass of a single volume) only on condition that whatever is foreign to the true function of a lexicon be rigidly excluded. The work must therefore contain nothing but the legitimate matter of a dictionary, or else it cannot include all the necessary terms. These considerations have been kept constantly in view in the preparation of BLACK'S LAW DICTIONARY. Of the most esteemed law dictionaries heretofore in use, each will be found to contain a very considerable number of words not defined in any other. None is quite comprehensive in itself. Mr. Black has made it his aim to include all these terms and phrases here, together with some not elsewhere defined. The comprehensiveness of Black's Dictionary of Law is shown by the following comparative statement of the number of titles under the letter A in several law dictionaries in common use: The other letters are in about the same proportion. Prof. J. B. Thayer, Harvard University. Much the best law dictionary that I have seen. Prof. E. McClain, University of Iowa. I feel that I can highly commend the work. Prof. W. O. Harris, Louisville Law School. I find it the most comprehensive work yet published. Prof. N. Green, Cumberland University. It is up with the times, convenient in shape, and admirably suited for law students. Prof. Henry Wade Rogers, Northwestern University. It represents a vast amount of work, and has been done with great care and precision. Prof. Hamilton Douglas, Atlanta Law School. The definitions in your new book, being shorter and more exact in their statements, would seem to me to make the volume of great value. Prof. Andrew J. Cobb, University of Georgia. After careful examination of Black's Law Dictionary, I have to say that in my opinion it is indispensable to the practitioner, and invaluable to the student. Prof. C. A. Graves, Washington & Lee University. It seems especially strong in the definitions of ancient words and phrases. The plan of the work, as outlined in the preface, is judicious, and has been consistently adhered to. 1 volume, with Denison's Index, $6, net, delivered. |