4. Definition
of "Partnership", "Partner",
"Firm" and "Firm-Name".-
"Partnership" is the relation between
persons who have agreed to share the profits
of a business carried on by all or any of them
acting for all.
Persons who have entered into
partnership with one another are called individually,
"partners" and collectively "a
firm", and the name under which their business
is carried on is called the "firm-name".
|