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A partnership is the relationship that subsists between two or more people carrying on business in common with a view to profit
Hi sir, what’s the difference between exists and subsists?
Why is a partnership not a relationship that “exists” between …
I believe that you have to blame the Victorians for this – it is they that passed the Partnership Act in 1890
They appear in current parlance to be pretty much synonymous
However (and it’s a fine distinction and may not stand up to close scrutiny!) “to exist” suggests life whereas it’s possible for inanimate situations “to subsist”
Don’t get excited about it!
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