Partnership – Joint Adventure – Praepositus Negotiis.-
Where goods were purchased on individual account; and thereafter an interest purchased therein by another, as part of a cargo shipped for foreign trade; where also there was no contract, and no previous reputed partnership, anterior to the purchase of the goods shipped: Circumstances in which held, there was an existing copartnery, and that the deceased partner, in purchasing the goods, in ordering the insurances, and in receiving the returns, acted as pr positus negotiis of the company, and bound the other partners.
Citations:
[1765] UKHL 2 – Paton – 114, (1765) 2 Paton 114
Links:
Jurisdiction:
Scotland
Contract
Updated: 29 May 2022; Ref: scu.560610