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Partnership Law – ACCA Corporate and Business Law (LW) (ENG)

VIVA

Reader Interactions

Comments

  1. HaroonKhan says

    December 5, 2023 at 10:56 am

    Hi Mike,

    Hope you’re well.

    In a partnership is it still the case that there can’t be more than 20 partners as that latest study text and notes from Kaplan don’t say this. Kindly confirm

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    • MikeLittle says

      December 5, 2023 at 5:09 pm

      Hi Haroon

      Yes, so far as I can determine, the limit is still 20. There are exceptions for other professional firms (beyond accountants, solicitors and members of the stock exchange). For example, estate agents, estate managers, architects ….) do have a variety of restrictions like, as an example, at least 75% of the principals must be members of an appropriate professional organisation, like the MNAEA or RIBA.

      OK?

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      • Alexander675 says

        March 19, 2024 at 4:14 am

        Hi Mike,

        Was this limit not abolished back in 2002 by The Regulatory Reform (Removal of 20 Member Limit in Partnerships etc.) Order 2002?

      • MikeLittle says

        March 19, 2024 at 7:16 am

        Hi Alexander. Thanks for this – yet another little bit of legislation that slipped under my radar! There’s just the hint of a clue in the title of the 2002 Order!

        I appreciate you pointing this out to me

        Thanks

        For anyone watching this lecture, the 2002 Order removed the upper limit for the allowable number of partners in a partnership. It is MOST IMPROBABLE that this will ever be asked in an ACCA law exam.

        The lecture video, at around 5 minutes 35 seconds, is therefore incorrect insofar as it relates to the upper limits on partnership numbers

  2. Mercy1710 says

    August 27, 2021 at 2:13 pm

    Please I can’t watch the videos any longer. The video is not playing

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  3. khadkaujjwal says

    July 11, 2021 at 11:18 am

    Is it helpful for 2021? As it seems old. I think this lecture is from 2018. Need help

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    • barbjohn says

      August 28, 2021 at 7:52 am

      Entire lecture still perfectly valid

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  4. asher2019 says

    October 12, 2020 at 8:55 am

    Brilliant lecture. Thanks

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  5. mmandangu says

    June 25, 2019 at 11:11 pm

    Dear Sir,

    Please help me on this question in Kaplan Study text under Trading Partnerships case of Mercantile Credit Co v Garrod (1962).
    I don’t understand why the contract was binding on G when P and G had entered into a partnership to let lock up garages and repair cars NOT to buy and sell cars.

    Thank you Sir.

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    • MikeLittle says

      June 26, 2019 at 6:56 am

      Could the innocent third party have known the details of the partnership agreement? Did the activity of buying and selling cars fit nicely into what could reasonably be expected of a business that repairs cars?

      That innocent party had acted in good faith with a partner acting apparently on behalf of the firm, apparently in the course of business and, in that situation, the acts of every partner bind the firm and the other partners

      The only real exception is where one partner exceeds his / her authority and the other party is aware of that excess

      OK?

      Incidentally, this should have been posted on the Ask ACCA Tutor forum and not as a comment on a lecture!

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      • mmandangu says

        June 26, 2019 at 9:13 pm

        Thank you Sir, understood.

      • MikeLittle says

        June 27, 2019 at 5:27 am

        You’re welcome

  6. frizzyana says

    April 29, 2019 at 8:31 am

    The full link to the case Evert v Williams is below

    https://mentalfloss.com/article/92239/strange-case-everet-vs-williams-when-two-highwaymen-took-each-other-court

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    • MikeLittle says

      April 29, 2019 at 9:03 am

      Thank you Ana!

      馃檪

      It’s when you read cases like this one that you begin to see what fun the law paper is!

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    • mmandangu says

      June 26, 2019 at 9:13 pm

      Thanx Ana

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    • aaaax says

      September 18, 2020 at 9:02 am

      The original magazine where the case was first published has been digitized at :

      https://babel.hathitrust.org/cgi/pt?id=njp.32101065086231&view=1up&seq=382

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      • biggles says

        September 18, 2020 at 9:39 am

        Wonderful! Just brilliant … as also are the two articles that preceded the Evert v Williams article (Advice from a Mexican father to his son and Advice from a Mexican mother to her daughter)

        As Mike used to say, isn’t law fun!

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