17.
Rights and duties of partners after a change
in the firm.- Subject to contract between
the partners, -
(a) where a change occurs
in the constitution of a firm, the mutual rights
and duties of the partners in the reconstituted
firm remain the same as they were immediately
before the change, as far as may be;
(b) AFTER THE EXPIRY OF THE
TERM OF THE FIRM : where a firm constituted
for a fixed term continues to carry on business
after the expiry of that term, the mutual rights
and duties of the partners remain the same as
they were before the expiry, and so far as they
may be consistent with the incidents of partnership-at-will;
and
(c) WHERE ADDITIONAL UNDERTAKINGS
ARE CARRIED OUT : where a firm constituted to
carry out one or more adventures or undertakings
carries out other adventures or undertakings,
the mutual rights and duties of the partners
in respect of the other adventures or undertakings
are the same as those in respect of the original
adventures or undertakings.
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