Instructions: Locate the Partnership Act 1908 on the New Zealand legislation website: http://www.legislation.govt.nz and answer the following questions below.
What is the definition of Partnership? Refer to the relevant section of the Act in your answer and briefly summarise this in your own words.
2.Can partners in a partnership bind the firm through their actions? Refer to the relevant section of the Act in your answer.
3.What is the purpose of the Partnership Law Bill and at what stage is the progress of the Bill?
4.According the Partnership Law Bill, what is one type of relationship that is not a partnership?
5.Under which section of the Partnership Law Bill can information be found about the liability of a partner who has left the partnership?
Sample Solution
