Direct Loss - Law Dictionary Search Results
Partnership
the time being to all intents and purposes a general partner. Further, a limited partner may not, either directly or indirectly, draw out or receive back any part of his contribution, and if he does he in … relation to the partnership. They provide, amongst other things, for equal shares in profits and equal contributions to losses; for indemnification of every partner by the firm in respect of payments properly made for the firm; that
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