Ch 11: The Nature of Partnership

1. Introduction

1-1 Introduction to the law of partnership [O]

2. Test of Partnership

2-1 Mode of determining existence of partnership [I]

2-2 Partnership vs Co-ownership of property [O]

2-3 Sharing of profit not a conclusive evidence of partnership [IXXXI]

(+ ICAP Autumn 2014, Autumn 2017, Autumn 2018 and Autumn 2021)

2-4 Profit or loss sharing on loan from banking company [R]

2-5 Partnership is not created by status [R]

2-6 Q&A Moiz, Adeeb and Mumtaz (ICAP Spring 2020) [O]

2-7 Q&A Munaf and Lari (ICAP Autumn 2015) [R]

2-8 Q&A X and Y (ICAP Spring 2018) [R]

3. Types of Partnership and Partners

3-1 Types of Partnership [R]

YouTube Video (8 minutes)

Notes PDF - BL185

Query: Does partnership dissolves when a partner retires ?

Response: The partnership ends (technically dissolves) if one partner wants to leave, even if the others want to continue. After that, a new partnership can be formed with the remaining members who can then resume operations on their own.

3-2 Q&A Types of Partnership (PQ) [X]

3-3 Q&A Types of Partners  [O]

4. Objective Based Q&A

4-2 MCQs Past Exams upto Spring 2022 [R]