Dealings with third parties
Graw, Stephen (2011) Dealings with third parties. In: Halsbury's Laws of Australia. LexisNexis Butterworths, pp. 556251-556280.
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[Extract] Every partner is an agent of the firm and of the other partners for the purposes of the business of the partnership. Subject to certain qualifications, any act done by a partner while carrying on, in the usual way, business of the kind carried on by the partnership, binds the firm and the other partners. This authority to act as an agent of the firm and of the other partners may be negated or qualified by contrary agreement between the partners. However, such an agreement between the partners does not affect dealings with others where a partner acts with the apparent authority of the firm. Conversely, where all the partners authorise a partner to act outside the scope of the partnership business, all the partners will be bound by an act pursuant to the authorisation.
|Item Type:||Book Chapter (Other)|
Title 305: Partnerships and Joint Ventures.
This is a looseleaf publication. From publisher's website: "Halsbury's Laws of Australia is a legal encyclopaedia which provides a comprehensive overview of Australian law, and is a must-have reference tool for legal professionals in private and public sectors, librarians and students. The encyclopaedia's 89 titles cover both mainstream and little known legal subject areas of law."
|Keywords:||partnership; contract law|
|FoR Codes:||18 LAW AND LEGAL STUDIES > 1801 Law > 180109 Corporations and Associations Law @ 100%|
|SEO Codes:||94 LAW, POLITICS AND COMMUNITY SERVICES > 9499 Other Law, Politics and Community Services > 949999 Law, Politics and Community Services not elsewhere classified @ 100%|
|Deposited On:||01 May 2012 13:42|
|Last Modified:||08 Jun 2012 15:49|
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