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Lindley & Banks on Partnership 20th edition [Kõva köide]

  • Formaat: Hardback, 1552 pages
  • Ilmumisaeg: 24-Oct-2017
  • Kirjastus: Sweet & Maxwell
  • ISBN-10: 0414060911
  • ISBN-13: 9780414060913
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  • Formaat: Hardback, 1552 pages
  • Ilmumisaeg: 24-Oct-2017
  • Kirjastus: Sweet & Maxwell
  • ISBN-10: 0414060911
  • ISBN-13: 9780414060913
Teised raamatud teemal:
Lindley & Banks on Partnership gives you comprehensive, authoritative and practical coverage of the law relating to both general and limited partnerships. This seminal text on partnerships, first published in 1860, gives you detailed commentary on all aspects of the life of a partnership, from its nature and formation to the usual contents of a partnership agreement and common areas of dispute, the liabilities undertaken by partners both internally and externally and, finally, to dissolution, winding up and insolvency. It also explains how partnerships are taxed. The twentieth edition covers all legal changes since the last edition, with reference to UK and Commonwealth authorities where relevant.
Preface v
Tables
xxiii
Volume
PART ONE THE NATURE OF PARTNERSHIP
1 Introduction
1 Origin of the Law of Partnership
1(3)
2 The Partnership Act 1890
4
2 Definition of Partnership
1 The Definition in the Partnership Act 1890
1(18)
A The Business
2(4)
B Two or More Persons Carrying on A Business in Common
6(2)
C "With a View of Profit"
8(4)
D A Fourth Condition: Division of Profits?
12(2)
E The Normal Incidents of Partnership
14(5)
2 Contemplated Partnerships
19(13)
(a) Application of the Principle: Ordinary Partnerships Share not yet taken
22(6)
(b) Application of the Principle: Promoters of Companies
28(3)
(c) Application of the Principle: Limited Liability Partnerships
31(1)
3 Associations not Governed by the Partnership Act 1890
32(16)
4 Partnership in Europe
48
3 General Nature of a Partnership
1 The Commercial and Legal Views
1(7)
2 Status of Firm in Specific Contexts
8
(a) Firm name
8(29)
(b) Legal Proceedings
37(1)
(c) Contractual Rights and Liabilities
38(5)
(d) Partnership Disabilities
43(3)
(e) Sureties and Securities
46(7)
(f) Revenue Law
53(1)
(g) Other Statutory Interference
54
4 Capacity of Partners
1 Capacity
1(27)
(a) Aliens
3(4)
(b) Minors
7(6)
(c) Persons Suffering from Mental Incapacity
13(2)
(d) Spouses and Civil Partners
15(5)
(e) Companies
20(2)
(f) Bankrupts and Disqualified Persons
22(3)
(g) Trustees, Personal Representatives, Nominees and Agents
25(2)
(h) Partnerships
27(1)
2 No Restrictions on the Size of Partnerships
28
5 Rules for Ascertaining the Existence of a Partnership
1 General Observations
1(6)
2 Co-Ownership
7(5)
3 Sharing Gross Returns
12(5)
4 Sharing Profits
17(18)
(a) Sharing Profits as Evidence of Partnership
18(10)
(b) Sharing Profits as a Ground of Liability
28(7)
5 Partnership by Estoppel
35(33)
(a) Holding Out
36(5)
(b) Reliance
41(3)
(c) The Giving of Credit
44(24)
6 General and Particular Partnerships
68(2)
7 Sub-Partnerships
70
6 Consideration for a Contract of Partnership
1(1)
7 Evidence By Which a Partnership May Be Proved
1 Introduction
1(1)
2 Partnerships Involving Land
2(9)
3 Partnerships Generally
11
(a) What has to be Proved
13(1)
(b) How is it to be Proved
14
8 Illegal Partnerships
1 General Grounds of Potential Illegality
5(1)
A Competition
5(3)
B Criminal element
8(1)
C Discrimination
9(26)
(1) Discrimination by firms
10(7)
(2) The protected characteristics
17(14)
D Firm name
31(2)
E Public policy, etc.
33(1)
F War
34(1)
2 Statutory grounds of Potential illegality
35(30)
3 Consequences of Illegality
65
9 Duration of Partnership
(a) External Factors
7(3)
(b) Internal Factors
10
PART TWO FORMATION OF A PARTNERSHIP BY FORMAL AGREEMENT
10 Partnership Agreements
2(1)
1 Construction and Application of Partnership Agreements
2(28)
A Agreement Construed in the Factual Matrix
3(2)
B Agreement Construed by Reference to the Partners' Objectives
5(2)
C Words and Documents Given their Natural and Ordinary Meaning
7(4)
D Agreement Construed so as to Defeat Fraud
11(1)
E Agreement Construed so as to Avoid Unfairness and Exploitation
12(1)
F Agreement not Exhaustive
13(1)
G Terms Implied to Give the Agreement Business Efficacy
14(1)
H Terms Varied by Express or Implied Agreement
15(7)
I Agreement Presumed to Apply after Expiration of Fixed Term
22(8)
2 Statutory Interference with Contractual Rights
30(3)
3 Usual Clauses Found in a Partnership Agreement
33(295)
A Parties
36
B Nature of the Business
30(10)
C Commencement Date
40(4)
D Duration
44(2)
E Firm Name
46(2)
F The Premium
48(1)
G Partnership Premises
49(3)
H Partnership Property
52(9)
I Income and Liabilities Derived from Previous Business
61(2)
J Capital
63(9)
K Bankers of the Partnership
72(3)
L Books and Accounts
75(9)
M Profits and Losses
84(16)
N Powers and Duties of Partners
100(16)
O Decision-Making
116(6)
P Retirement
122(1)
(a) Voluntary retirement
122(4)
(b) Compulsory retirement on grounds of age
126(1)
Q Expulsion, etc.
127(1)
(a) Powers of Expulsion
128(25)
(b) Powers of Compulsory Retirement, etc.
153(4)
(c) Acquisition of Expelled/Retired Partner's Share
157(1)
R Power to Dissolve Firm
158(1)
(a) General Power
158(3)
(b) Power to Dissolve for Cause
161(6)
S Garden Leave and Related Matters
167(5)
T The Outgoing Partner's Financial Entitlement
172(1)
(a) Manner of Acquisition
173(4)
(b) Option to Acquire Outgoing Partner's Share
177(3)
(c) Quantifying the Amount due to the Outgoing Partner
180(2)
(1) Fixed Value
182(1)
(2) Profit Related Value
183(2)
(3) Book or Balance Sheet Value
185(3)
(i) Reliance on the last signed annual accounts
188(5)
(ii) Reliance on the annual accounts for the current accounting period
193(1)
(iii) Where the agreement is not specific in its terms
194(10)
(4) Revaluation of Assets
204(4)
(d) Payment of Outgoing Partner's Entitlement
208(2)
(e) Annuities to Outgoing Partners, Widow(er)s, etc.
210(12)
U Goodwill and Restrictions on Competition
222(1)
(a) Meaning of "Goodwill"
223(4)
(b) Ownership of Goodwill
227(2)
(i) Dissolution of firm
229(4)
(ii) Death of a partner
233(1)
(iii) Retirement or expulsion of partner
234(11)
(c) Valuation of Goodwill
245(5)
(d) Restrictions on Competition
250(4)
(1) Reasonableness in the Interests of the Parties
254(9)
(2) Reasonableness in the Interests of the Public
263(18)
V Provisions Consequential on the Death, Retirement or Expulsion of a Partner
281(1)
(a) Assignment of Outgoing Partner's Share, etc.
281(4)
(b) Indemnity to Outgoing Partner
285(3)
(c) Gazette Notices, etc.
288(1)
(d) Power of attorney
289(1)
(e) Books and Papers
290(2)
(f) Procurement of release from personal obligations
292(1)
W Admission of New Partners
293(7)
X Winding Up
300(7)
Y Arbitration, Alternative Dispute Resolution and Expert Determination
307(1)
(a) Arbitration
307(18)
(b) Alternative Dispute Resolution
325(1)
(c) Expert Determination
326(1)
Z Penalties and Liquidated Damages
327(1)
4 Limited Liability Partnership Agreements
328(3)
5 Other Partnership Documentation
331
11 Corporate and Group Partnerships
1 The Corporate Partnership
2(16)
2 The Group Partnership
18
PART THREE THE RIGHTS AND OBLIGATIONS OF PARTNERS AS REGARDS THIRD PARTIES
12 The Liability of a Partner for the Acts of His Co-Partners
1 Partners as Agents
1(33)
2 Liability for Acts which are not in Themselves Wrongful
34(54)
3 Liability of Partners in Respect of Torts, Frauds and Other Wrongs
88(16)
(a) Torts
92(3)
(b) Frauds and Fraudulent Representations
95(8)
(c) Other Wrongs
103(1)
4 Liability of Partners for Misapplication of Money and Property
104(24)
5 Liability of Partners for Breaches of Trust
128(11)
6 Liability of Partners for Acts Known to be Unauthorised
139(10)
7 Liability of Partners in Respect of Contracts in Improper Form
149(27)
(a) Written and Oral Contracts
152(6)
(b) Contracts under Seal
158(4)
(c) Bills of Exchange and Promissory Notes
162(1)
(1) Bills of Exchange Drawn, etc., in the Firm Name
163(7)
(2) Bills Drawn, etc., in Improper Form
170(5)
(3) Promissory Notes
175(1)
8 Liability of Partners in Respect of Contracts Benefiting Firm
176
13 The Nature and Duration of a Partner's Liability to Third Parties
1 Nature and Extent of the Liability
1(15)
A Liability for Acts which are not in Themselves Wrongful
2(10)
B Liability in Respect of Torts, Frauds and Other Wrongs and Misapplication of Money and Property
12(1)
C Liability in Respect of Breach of Trust
13(1)
D Extent of Liability in All Cases
14(2)
2 Duration of Liability
16
A Commencement of Agency
17(13)
B Termination of Agency
30(11)
(a) Need for Notice
41(6)
(1) Death
47(3)
(2) Insolvency
50(3)
(3) Dormant Partner
53(4)
(b) Effect of Notice
57(19)
(c) Form of Notice
76(5)
C Termination of Accrued Liability
81(3)
(a) Dealings and Transactions Terminating Accrued Liability
84(1)
(1) Payment and Appropriation of Payments
85(12)
(2) Release and Discharge
97(6)
(3) Substitution of debtors and securities
103(1)
(A) Substitution by Agreement
104(8)
Group 1(a) Outgoing partner not discharged; no new partner introduced
112(6)
Group 1(b) Outgoing partner not discharged; one or more partners introduced
118(3)
Group 2 Outgoing partner discharged
121(4)
Group 3 Discharge of estate of deceased partner
125(4)
(B) Merger and Judgment Recovered
129(7)
(C) Limitation
136
14 Actions by and Against Partners
5
1 Parties to Actions and Related Matters
5(66)
A Actions in Firm Name
6(20)
B Parties where Firm Unchanged
26(1)
(1) Actions by the Firm
26(1)
Actions in Contract
27(1)
(a) Written and Oral Contracts
28(5)
(b) Contracts under Seal
33(3)
(c) Bills of Exchange and Promissory Notes
36(3)
Actions in Tort
39(3)
Actions in Respect of Land
42(1)
(2) Actions against the Firm
43(1)
Actions in Contract
44(5)
Actions in Tort
49(1)
(3) Equitable Remedies
50(2)
C Parties where Change in Firm has Occurred
52(13)
D Conduct of One Partner Affecting Firm's Rights
65(6)
2 Authority of Partners in Legal Proceedings
71(9)
3 Set-Off
80(12)
4 Execution Against Partners
92
(a) Judgment in Firm Name
92(10)
(b) Manner of Execution
102(2)
(c) Execution in Respect of Separate Debts
104(2)
(d) Order for Possession of Land
106
PART FOUR THE RIGHTS AND OBLIGATIONS OF PARTNERS BETWEEN THEMSELVES
15 Management and Decision-Making
1(1)
16 The Duty of Good Faith
1 The Nature of the Duty
1(16)
2 The Obligation of Partners not to Benefit Themselves at the Expense of their Co-partners
17
17 Partnership Capital
1(5)
18 Partnership Property
1 Partnership Property
6(19)
2 Separate Property
25(21)
3 Assets Transferred Into or Out of Partnership
46(17)
4 Legal Title to Partnership Property
63
19 Partnership Shares
1 The Nature of a Partnership Share
1(14)
2 The Size of Each Partner's Share
15(9)
3 The Partner's Lien and Its Consequences
24(13)
4 Execution against Share for Partner's Separate Debts
37(12)
5 The Transfer of a Share
49
20 The Financial Rights and Duties of a Partner
1 Debts, Liabilities and Losses
4(22)
2 Outlays and Advances
26(7)
3 Interest
33(10)
4 Remuneration for Services Rendered to Firm
43
21 Ascertainment and Division of Profits
1(1)
22 Partnership Accounts
1 Manner in Which Books and Accounts Should be Kept
2(10)
2 The Right of Access to Books and Accounts
12
23 Actions Between Partners
1 Introduction
1(3)
2 Parties
4(11)
3 Cases in Which the Court Will Not Interfere Between Partners
15(17)
Rule 1 The court will not interfere otherwise than with a view to dissolution
16(1)
Rule 2 The court will not interfere in matters of internal regulation
17(2)
Rule 3 The court will not interfere at the instance of partner guilty of laches or acquiescence
19(13)
4 Limitation as Between Partners
32(13)
5 Actions for Specific Performance
45(4)
6 Actions for Fraud and Misrepresentation
49(20)
A Damages
50(2)
B Rescission
52(17)
7 Relief Commonly Sought Between Partners
69(145)
A Accounts, Inquiries and Production of Documents
74(1)
(a) The right to an account, inquiries and production of documents
75(1)
(1) Accounts and inquiries
75(22)
(2) Production of documents, etc.
97(10)
(b) Defences to an action for an account
107(1)
(i) Denial of alleged partnership
108(2)
(ii) Settled account
110(6)
(iii) Arbitration award
116(1)
(iv) Accord and satisfaction
117(1)
(v) Waiver
118(1)
(vi) Release
119(1)
(c) Judgments for a partnership account
120(17)
B Injunctions
137(20)
C Receivers
157(8)
(a) As between partners
165(1)
(b) As between partners and non-partners
166(2)
(1) Breach of dissolution agreement
168(1)
(2) Misconduct plus jeopardy to assets
169(4)
(3) Fraud
173(1)
(4) Exclusion
174(14)
D Orders for the Sale of Partnership Property
188(25)
E Declarations and Ancillary Relief
213(1)
8 Actions for Damages
214(8)
9 Execution Between Partners
222
PART FIVE DISSOLUTION AND WINDING-UP
24 Dissolution and Its Causes
1 Introduction
1(20)
2 Dissolution Otherwise than by the Court
21(34)
A Expiration of Term, etc.
21(3)
B Notice
24(12)
C Death and Bankruptcy, etc.
36(9)
D Charging Order on a Partner's Share
45(4)
E Illegality
49(4)
F Cessation of Business
53(2)
3 Dissolution by the Court
55(48)
A Statutes under which a Partnership may be Dissolved
55(6)
B Jurisdiction to Dissolve a Partnership
61(6)
C Procedure
67(3)
D Grounds for Dissolution
70(2)
(a) Mental incapacity
72(5)
(b) Permanent Incapacity
77(4)
(c) Conduct Injurious to the Partnership Business
81(7)
(d) Breach of Agreement and Destruction of Mutual Confidence
88(8)
(e) Partnership Business Carried on at a Loss
96(2)
(f) The Just and Equitable Ground
98(3)
E Date of Dissolution
101(2)
4 Assignment of Share
103(1)
5 The Right to Retire
104(5)
6 The Right to Expel
109
25 Winding Up the Partnership Affairs
1 Consequences of Dissolution
2(7)
2 The Return of Premiums
9(15)
A Partnership Induced by Fraud
10(1)
B Partnership at Will
11(1)
C Partnership for a Fixed Term
12(8)
D Amount of Premium Returnable
20(4)
3 The Treatment of Post-Dissolution Profits
24(22)
4 Distribution of Assets and Adjustment of Accounts
46(10)
5 Summary of Winding Up Principles
56
A Principles which Apply as Regards Creditors
56(1)
B Principles which Apply as Between the Partners
57
26 Death of a Partner
1 The Surviving Partners and Personal Representatives of the Deceased Partner
2(9)
2 The Creditors of the Partnership
11(19)
A Debts Incurred Prior to a Partner's Death
11(10)
B Debts Incurred after a Partner's Death
21(9)
3 The Separate Creditors, Legatees, Etc., of the Deceased
30
A The General Rule
31(7)
B Deceased Partner's Share Left in Business
38(7)
C Specific Bequests of Partnership Shares
45
27 Insolvency
1 Introduction
1(3)
2 Insolvency Involving the Winding Up of the Firm as an Unregistered Company
4(39)
A Winding Up Order against Firm without Concurrent Petitions
6(18)
B Winding Up Order against Firm with Concurrent Petitions against the Partners
24(19)
3 Insolvency not Involving Winding Up the Firm as an Unregistered Company
43(10)
4 Appointment of Liquidators and Trustees
53(7)
5 Status and Duties of the Partners in the Winding Up of a Firm
60(9)
6 Share of an Insolvent Partner when Firm not Wound Up
69(6)
7 Setoff and Mutual Credit
75(5)
8 Administration of the Estates of Insolvent Firms and Partners
80(74)
(a) Joint and separate debts
90(10)
(b) Joint and separate estates
100(11)
A Proof against the Joint Estate
111(1)
(a) Rights of the joint creditors
112(3)
(b) Rights of the partners
115(4)
(i) Fraud
119(1)
(ii) Distinct trades
120(3)
(iii) Discharge of bankrupt partner
123(2)
(c) Rights of separate creditors
125(2)
B Proof against the Separate Estates
127(1)
(a) Rights of separate creditors
128(2)
(b) Rights of joint creditors
130(2)
(i) No joint estate
132(4)
(ii) Fraud
136(1)
(iii) Distinct trades
137(1)
(iv) Petitioning creditor
138(1)
(c) Rights of the partners
139(2)
(i) Joint creditors not prejudiced
141(4)
(ii) Fraud
145(1)
(iii) Distinct Trades
146(3)
C Proof against Both Joint and Separate Estates
149(5)
9 Voluntary Arrangements with Creditors
154(9)
101 Partnership Administration Orders
163
PART SIX LIMITED PARTNERSHIPS
28 Introduction
1(1)
29 Nature, Formation, Duration and Registration of Limited Partnerships
1 Types of Limited Partnership
2(5)
2 Nature, Formation and Duration
7(14)
3 Limited Partnerships and the Financial Services and Markets Act 2000
21(4)
4 Registration and Designation of Limited Partnerships
25
30 The Rights and Obligations of the Partners As Regards Third Parties
1 The Authority of Partners to Bind the Firm
1(7)
2 The Liability of Partners for the Debts and Obligations of the Firm
8(22)
A General Partners
8(3)
B Limited Partners
11(1)
(a) Extent and Duration of Liability
11(15)
(b) Nature of Liability
26(4)
3 Actions By And Against Partners
30
31 The Rights and Obligations of the Partners Between Themselves
1 The Management of the Partnership Business
2(6)
2 The Capital of Limited Partnerships
8(7)
3 Shares in Limited Partnerships
15(5)
4 Changes in Limited Partnerships
20(4)
5 Partnership Accounts
24
32 Dissolution and Winding Up
1 Dissolution Otherwise than by the Court
2(5)
2 Dissolution by the Court
7(8)
A Jurisdiction to Dissolve a Limited Partnership
7(4)
B Grounds for Dissolution by the Court
11(4)
3 Winding Up
15
33 Insolvency
1 Application of Insolvency Laws to Limited Partnerships
1(4)
2 Petitions by and against Limited Partners
5(2)
3 Administration of Insolvent Partners' Estates
7
PART SEVEN TAXATION
34 Income Tax
1 Introduction
1(2)
2 Tax Treatment of Partnerships
3(15)
3 Method of Assessment
18(20)
4 Commencement, Cessation and Continuance
38(13)
5 Capital Allowances and Losses
51(11)
6 Partnerships with Corporate Members
62(7)
7 Resident and Non-resident Partners
69(5)
8 Payments to Outgoing Partners and their Dependants
74(5)
10 Tax Avoidance Schemes
79
35 Capital Gains Tax
1 Introduction
1(2)
2 Disposals of Assets or of Shares therein
3(25)
A Disposals on the Contribution of Assets to a Partnership
4(2)
B Disposals of Partnership Assets to Third Parties
6(5)
C Disposals of Partnership Shares
11(14)
D Distribution of Partnership Assets amongst Partners
25(3)
3 Administration and Computation
28
36 Inheritance Tax
1 Introduction
1(5)
2 Exemptions and Reliefs
6(12)
3 Chargeable Transfers
18(36)
A Formation of a Partnership
19(19)
B Continuation of a Partnership
38(3)
C The Retirement of a Partner
41(5)
D The Death of a Partner
46(7)
E Dissolution of a Partnership
53(1)
4 Foreign Element
54(4)
5 Valuation and Administration
58
37 Value Added Tax
1 Registration
1(16)
2 Taxable Supplies
17(14)
3 Administration
31
38 Stamp Duty Land Tax
1 Introduction
1(11)
2 Acquisitions of Partnership Land or of Shares therein
12
A Contribution of Land to a Partnership
13(2)
B Acquisitions of Partnership Land from Third Parties
15(1)
C Acquisitions of Partnership Shares
16(9)
D Distribution of Partnership Land amongst the Partners
25
APPENDICES
Partnership Act 1890
1(1)
Civil Procedure Rules
1(1)
Limited Partnerships Act 1907
1(1)
The Limited Partnerships (Forms) Rules 2009
1(1)
Eu Competition Law
1(1)
Hmrc Statements Of Practice And Other Materials
I Income Tax
1(3)
II Capital Gains Tax
4(20)
III Inheritance Tax
24(1)
IV Value Added Tax
25(1388)
Index 1413