Preview

Partnership Case Law

Powerful Essays
Open Document
Open Document
8918 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Partnership Case Law
PARTNERSHIP CASELAW | | This section of the website provides access to all cases summarised in the Partnership Law Updates which have been issued since January 2000 to date. Therefore this Archive operates as a guide to some of the interesting partnership cases decided in common law jurisdictions in recent years. Special thanks are due to Professor Dick Webb (Emeritus Professor of Law in the University of Auckland) for alerting me to many developments contained in this section and to Dr Keith Fletcher of the University of Queensland. . PARTNERSHIP LAW CASES Janurary 2000_______________________Partnership by Holding outPlaintiffs instructed first-named defendant as their solicitor - Plaintiffs’ funds dissipated by the first-named defendant - First-named defendant’s wife also worked as a solicitor in the practice - Plaintiffs instructed the defendant as a result of their friendship with his wife - Husband and wife conducted themselves as partners in everything they did socially - Whether wife was a partner in the practice - Whether wife was liable as a partner by holding outPalter v Zeller and Lieberman (1997) 30 OR (3d) 796. In this case, the Court of Justice of Ontario considered both the allegation of a partnership between the two defendants, and the allegation that the second-named defendant had held herself out to be a partner with the first-named defendant. The first-named defendant, Zeller, had set up in practice as a lawyer and after his marriage to the second-named defendant, Lieberman, she joined him in practice. This fact was advertised by an announcement which was published by Zeller to the effect that Lieberman had “joined me in the practice of law”. There was no indication given in the firm’s stationery or business cards that they were partners in this practice. The plaintiffs had been friendly with Lieberman before she met Zeller and arising out of this friendship they instructed Zeller on a number of occasions. After Lieberman joined the

You May Also Find These Documents Helpful

  • Good Essays

    From the information presented to myself by Kacey Musgraves it is known that Kacey, operating under “Arrow Consulting”, was asked to perform consulting services by Eric Pasley. All documents received by Kacey from Eric were presented with the name “Paslay, Bryan & Brooks, Barristers & Solicitors**” and it was to her knowledge that she was performing work for this particular group. The work was completed on November 25th, 2013, and an invoice was billed to “Paslay, Bryan & Brooks, Barristers & Solicitors**” on Decemeber 1st, 2013. Eric Paslay passed away later that December in a ski accident. On January 2nd, 2014, Kacey made a phone call to “Paslay, Bryan & Brooks, Barristers & Solicitors**” and spoke to Louisa Bryan. At this point, Louisa informed Kacey that she and Keith Brooks had no intentions to pay her outstanding account of $40,000 and that Eric was bankrupt. Louisa told Kacey that they were not a partnership but lawyers practiced “in association” and that this information can be located on their website. Kacey found out that the lawyers work under their own names with separate bank accounts and share the cost of the rent and the receptionist equally. The lawyers would sometimes work on a client file together and divide the profits equally. The website now read “Bryan & Brooks” rather than “Paslay, Bryan and Brooks”…

    • 1123 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Pochter were an LLC member sued the other member for breaching their operating agreement. It involved the selling of a piece of land, not informing the managing members of the LLC, and sending an email to these members after agreeing to the deal. Because the member who sold the land was a lawyer, the court found his advancement of his own self-interest with disregard to that of a fellow non-manager member was unacceptable. In our situation, Levitt is making a claim the other members breached their operating agreement by removing him as manager and these facts are different from Moede v. Pochter. The similarity between the two cases is the selling, or in our case not selling, land that is in the best interest of one member, but not of all the members. Levitt wanted to sell the parcel without consulting his fellow members and at the same time, Bivins did not want the parcel to be sold because she would lose management fees. However, again there are some facts missing to show each definitively acted in their own self-interest and, therefore, be guilty of…

    • 1189 Words
    • 5 Pages
    Good Essays
  • Good Essays

    (Facts) The State of Georgia has enacted a law requiring contoured rear-fender mud flaps on all trucks and trailers operating within Georgia. Thirty-five other states allow straight mud flaps and Florida requires straight mud flaps.…

    • 429 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Legt2741 Week 4

    • 1192 Words
    • 6 Pages

    Easily changed, reinforced by section 19 which states “The mutual rights and duties of partners, whether ascertained by agreement or defined by this Act, may be varied by the consent of all the partners, and such consent may be either expressed or inferred from a course of dealing” A…

    • 1192 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Under the entity approach, the sale of a partnership interest would be very similar to the sale of corporate stock. The partner would recognize capital gain or loss on the sale based on the difference between the sales price and the partner’s tax basis in the partnership interest.…

    • 16411 Words
    • 66 Pages
    Good Essays
  • Good Essays

    The case here is referred to as whether the business carries on by Kem Weichoreak Kang-Kem, plaintiff, and Marilyn Jean Paine, defendant, was carried on in common and whether the partnership exists. Judge Barrett J compared the evidence coming out of this case to s.1(1) of the Partnership Act 1892 that defines partnership as the relation which exists between persons carrying on a business in common with a view of profit and also compares to s.2 of the Act that determines the rules for the existence of partnership. Barrett J found that it was the plaintiff who wished to open the restaurant and expressed it to the defendant in November 1991. He also told the defendant he had no money because of the failed business venture that had caused him to become a bankrupt. She kept him, paying his personal expenses and when the plaintiff expressed an interest in opening a restaurant, she was prepared to help him with the venture as it would be in the interests of both of them if he could find something at which he could prosper financially. Having reviewed the evidence concerning both the Junction restaurant and the Lake restaurant, Barrett J also found that the plaintiff represented the Junction restaurant to have been owned solely by the defendant until about 1997 and the proprietorship, in terms of enjoyment of "operating rights" passed to him thereafter under an arrangement which included a sublease of the premises, the defendant remaining the lessee at all times. After that change, he represented himself as sole owner of the Junction restaurant. Also the defendant alone was the lessee of the premises at the Lake and was the licensee under the Liquor Act. The funds used to establish the Junction restaurant were, to the extent of $100,000, provided by the defendant by way of loan to the plaintiff. The funds used to establish the Lake restaurant were borrowed, to the extent of some $115,000, by the plaintiff and the defendant as joint borrowers. Barrett J stated that the…

    • 858 Words
    • 3 Pages
    Good Essays
  • Good Essays

    TABL1710 Autosaved

    • 1915 Words
    • 8 Pages

    ROSE & FRANK COMPANY V JR CROMPTON & BROS LTD (agreed to be bound by principle)…

    • 1915 Words
    • 8 Pages
    Good Essays
  • Good Essays

    ILAC20Assignment20Sem201

    • 940 Words
    • 3 Pages

    In definition, a partnership is “the relationship which subsists between persons carrying on a business in common with a view of profit.” Section 5 Partnership Act (1891). In the case regarding the outstanding debt owed by JJJ Boutique to Elegant Design Furniture Pty Ltd. (EDFPL) for the sale and delivery of the Versace couch and side table, it is evident through common law in the case of Khan v Miah [2000] that a partnership does exist. In this particular case, the House of Lords ruled that “a partnership commences when the proposed partners take the first step to implement their business plan” thus confirming the partnership between Kylie and Kendall. To further confirm the partnership between Kylie and Kendall, it is known that both partners receive a profit directly from the business.…

    • 940 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In 1996, Stafford Fontenot, Steve Turner, Mike Montelaro, Joe Sokol, and Doug Brinsmade decided to go to Atlanta, Georgia, the site of the Olympic Games to sell Cajun food. They started the preparations about 6 month before, choosing “Prairie Cajun Seafood Catering of Louisiana” as their name. On May 19, they applied for a license with the designated department in Fulton County, Georgia. Later on, Mr Fontenot and his friends, agreed to buy a mobile kitchen to Ted Norris for the amount of $50,000. After negotiations, they paid $8,000 down payment with a check, using the “Prairie Cajun Seafood Catering of Louisiana’s” checking account and the balance was divided in two promissory notes ($12,000 and $20,000). Stafford Fontenot was the only name listed on the notes, but once Mr Norris’s lawyer agreed to add “doing business as Prairie Cajun Seafood” after Fontenot’s name, he signed the promissory notes dated June 12, 1996. Over a month later, on July 31, the group signed an article of partnership containing specific divisions of profits and losses. Ready to enter into the market, they went to Atlanta, but business did not go well and they couldn’t pay the promissory notes. Consequently, Mr Norris filed a suit against Mr Fontenot to recover the amounts due on the notes. The defendant affirmed they didn’t pay for the notes but that he was only liable for his part of the debt, because he signed the notes on behalf of the partnership. Ted Norris, on the other hand, testified that he did business with Stafford Fontenot and he assumed that the rest of the group was associated with Stafford who, according to Mr Norris believed, owned the company.…

    • 857 Words
    • 4 Pages
    Good Essays
  • Better Essays

    In the case of Kostres and Kostres [2009] FamCAFC, the parties had executed a pre-nuptial agreement with the intention to mutually share the assets obtained during marriage in the event of a divorce. Mrs Kostres sought to uphold the terms of the agreement but dispute arose regarding the interpretation of the agreement. On appeal by the husband, the Full Court nullified the financial agreement due to the difficulty in determining the intentions of the parties. Although financial agreements are aimed at achieving justice for parties, this case indicates that interests of parties become conflicting as the relationship breaks down, hence undermining the original…

    • 1560 Words
    • 7 Pages
    Better Essays
  • Good Essays

    The legal system continuously endeavours and reforms to provide effective legislative remedies and modify existing legislation to reflect the changing nature of the Australian family structure. Family law has always been a colossal aspect of Australian society with many effective measures in place for family matters. Numerous values and their effectiveness have been debated through various features of family law, and these debates continue to the present day.…

    • 867 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Business Law Case

    • 300 Words
    • 2 Pages

    ISSUE: Does the admission of Mrs. Timmerman’s our-of-court statement inviolate Mr. Timmerman’s constitutional right or Mrs. Timmerman’s spousal testimonial privilege?…

    • 300 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    This situation between John and Mark is kind of unique. John signs a contract to sell some of his property to Mark on August 1st, but John delays the date until November 1st and we do not know the reason for Johns delay. This makes Mark must incur additional expenses for his national dog breeding company called Remington Sporting Dog Breeders. Mark must find a suitable alternate location to house his dogs until the new November closing date.…

    • 521 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Business Law I Case Study

    • 502 Words
    • 3 Pages

    Nasc Services, Inc v. Jervis 2008 U.S. Dist. LEXIS 40502 (U.S. Dist. Ct. D. N.J. 2008)…

    • 502 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Unit 8 PA253 Assignment

    • 521 Words
    • 3 Pages

    UPL. Polly would be using her knowledge in the legal field to answer Mr. Smith’s question. If on…

    • 521 Words
    • 3 Pages
    Good Essays