Bunting v. Bunting

Citations

• 199 Pa. 27
• 48 A. 681
• 1901 Pa. LEXIS 554

Syllabus

<p>Partnerships—Special partnership—Accounting—Act of March 21, 1836, P. L. 143, sec. 18.</p> <p>Under the Act of March 21, 1836, P. L. 143, sec. 18, relating to special or limited partnerships, all of the partners may for the purpose of accounting be regarded as general partners, and their partnership subject to the legal and equitable rules relating to general partnerships.</p> <p>Where the articles of a special or limited partnership organized under the act of March 21, 1836, provide that the profits of the business of the firm are to be divided and the losses borne by the several partner’s, general as well as special, in certain fixed proportions, a general partner cannot, in the absence of an express agreement to that effect, be required to make good to the special partner any loss sustained by her on her contribution to the capital resulting from the failure of other partners to pay their proportions of the business losses to the firm.</p>