n Transactions of the Centre for Business Law - Should acquisitions made by partners, be shared immediately, or can it be delayed. Chapter 14

Abstract

Extracted from text ... Chapter 14 Should acquisitions made by partners, be shared immediately, or can it be delayed Summary 1. A community is required in a partnership. 2. If an object acquired by one partner is alienated by him it does not become the property of the other partner and no action is available against a third party even if the alienation involves loss to the partnership. 3. If an object has become common property, it cannot be alienated by the partner unless he does so to the extent of his share therein. 4. An object acquired by one of the partners ..