734

Expulsion of
partner.

Retirement
from
partnership
at will.

Where
partnership
for a term is
continued
over, con-
tinuance on
old terms
presumed.

Duty of
partners to
render
accounts,
etc.

Account-
ability of
partners for
private
profits.

Ch. 31. No. 2.] Partnership.

 

(g) no person may be introduced as a partner
without the consent of all existing partners;

(4) any difference arising as to ordinary matters
connected with the partnership business may be
decided by a majority of the partners, but no change
may be made in the nature of the partnership business
without the consent of all existing partners;

(1) the partnership books:are to be kept at the place
of business of the partnership (or the principal place,
if there is more than one) and every partner may,
when he thinks fit, have access to and inspect and copy
any of them.

27. No majority of the partners can expel any partner
unless a power to do so has been conferred by express
agreement between the partners.

28. (1) Where no fixed term has been agreed upon for
the duration of the partnership, any partner may determine
the partnership at any time on giving notice of his intention
so to do to all the other partners.

(2) Where the partnership has originally been con-
stituted by deed, a notice in writing, signed by the partner
giving it, shall be sufficient for this purpose.

29. (1) Where a partnership entered into for a fixed
term is continued after the term has expired, and without
any express new agreement, the rights and duties of the
partners remain the same as they were at the expiration of
the term, so far as is consistent with the incidents of a
partnership at will.

(2) A continuance of the business by the partners or
such of them as habitually acted therein during the term,
without any settlement or liquidation of the partnership
affairs, is presumed to be a continuance of the partnership.

30. Partners are bound to render true accounts and full
information of all things affecting the partnership to any
partner or his legal representatives.

31. (1) Every partner must account to the firm for any
benefit derived by him without the consent of the other
partners from any transaction concerning the partnership,