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(p. 7) 2. Partnership management and finance 

(p. 7) 2. Partnership management and finance
Chapter:
(p. 7) 2. Partnership management and finance
Author(s):

J. Scott Slorach

and Jason Ellis

DOI:
10.1093/he/9780198823230.003.0002
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date: 25 November 2020

This chapter first discusses the legal relationship between the partners under section 24 of the Partnership Act 1890. It then explains the duty of good faith; the partnership’s finances; the distinction between a partner and a lender; division of profits and sharing of losses between partners; payment of interest; and partnership property.

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