Locate the Partnership Act 1908 on the New Zealand legislation website: http://www.legislation.govt.nz and answer the following questions below.
Required:
- 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 marks]
- Can partners in a partnership bind the firm through their actions? Refer to the relevant section of the Act in your answer.
[2 marks] - What is the purpose of the Partnership Law Bill and at what stage is the progress of the Bill?
[2 marks]
- According the Partnership Law Bill, what is one type of relationship that is not a partnership?
[2 marks] - Under which section of the Partnership Law Bill can information be found about the liability of a partner who has left the partnership?
[2 marks]
Question 3 (Learning Outcome Two) 10 Marks
Negligence – short essay
Describe in your own words the three elements required to establish a tort of negligence. Support each element with reference to the corresponding caselaw (refer to at least three different cases).
Sample Solution