An Introduction to the Law of Partnership in Scotland

This book will provide students and practitioners of accountancy with a description of the law applicable in Scotland to the constitution of partnerships, their relationships to third parties, their internal affairs and their dissolution.

Historical background. Constitution of partnership. Persons who may be partners. Maximum size of partnerships. The firm name. The partnership agreement. Illegality affecting partnerships. Partnerships and companies. Relationship of the firm to third parties. The firm's contractual obligations. Liability of the firm for wrongs. Liability of partners joining or leaving the firm. Duties of partners to each other. Internal management. Partnership property and accounts. Assumption of new partners; assignation of a share in the firm. Retiral and expulsion. Automatic dissolution. Dissolution unless otherwise agreed. Winding up. Joint ventures. Limited partnerships.