Partnership assets, both as to capital and revenue were to be divided equally between the partners in the absence of an agreement otherwise even though they had made an unequal contribution.
Judges:
Nourse LJ
Citations:
Times 04-Jul-1997, Gazette 09-Jul-1997, [1997] EWCA Civ 1966, [1997] 1 WLR 1367
Links:
Statutes:
Jurisdiction:
England and Wales
Citing:
Applied – Manley v Sartori ChD 1927
The death of a partner caused the dissolution of the partnership. The survivors continued the partnership business on their own account. The question arose as to the entitlement of the personal representatives of the deceased partner to a share of . .
Cited by:
Cited – Emerson (Executrix of James Henry Emerson) v Estate of Thomas Matthew Emerson CA 5-Feb-2004
Two brothers farmed in partnership. The partnership was dissolved in 1998 on the death of one brother, but the business continued. The farm was affected by the foot and mouth outbreak in 2001, and the second brother died shortly after. Compensation . .
Cited – Hardip Singh Gill v Kulbir Singh Sandhu ChD 26-Jan-2005
The partnership had been dissolved. It had involved conversion of a property to be run as a nursing home. The claimant was to manage the home, and the profits would be used first to pay him a salary, and then to be divided equally. When wound up . .
Lists of cited by and citing cases may be incomplete.
Company
Updated: 04 October 2022; Ref: scu.142362