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English partnership law is to be found in the rules of law and equity relating to
partnership which were codied and to some extent amended by the Partnership
Act CAP 29
That Act dened partnership as follows:
Sec 3(1) Partnership is the relation which subsists between persons carrying on a
business in common with a view of prot .
So a partnership does not mean a body or association; it means a relationship
between separate component persons. Persons who have entered into partnerships
with one another are individually called partners and collectively called a rm and
the name under which their business is carried on is called the rm-name.
Rules for determining the existence of a partnership Sec 4;
DEFINITION OF PATNERSHIP
If we analyse the denition of partnerships the following essential characteristics
stand out;