Zend Avesta Part 03

SR No.: 007673
Original Sutra Author: N/A
Author: L H Mills
Publisher: Oxford
Publication Year: 1887
Total Pages: 2618
Language: English
Classification: Book_English
File Size: 49 MB

Page 1317

I 24
NARADA.
III, 1.
THIRD TITLE OF LAW.
PARTNERSHIP. *1. Where traders or others carry on business jointly, it is called Partnership, which is a title of law.
* 2. Where several partners are jointly carrying on business for the purpose of gain, the contribution of funds towards the common stock of the association forms the basis (of their undertakings). Therefore let each contribute his proper share.
* 3. The loss, expenses, and profit of each partner are either equal to those of the other partners, or exceed them, or remain below them, according as his share is equal to theirs, or greater, or less.
* 4. The stores, the food, the charges (for tolls and the like), the loss, the freight, and the expense of keeping valuables must be duly paid for by each of the several partners, in accordance with the terms of their agreements.
* 5. (Each partner) is responsible for what has been
III, 2. Thus, e. g. a principal amounting to 1000 Drammas is invested in their common business by four partners. One contributes one-half of the principal, i.e. 500 Drammas. Another contributes one-fifth, i.e. 200 Drammas. A third contributes 200 Drammas likewise. A fourth contributes 100 Drammas. The percentage of the gain and of the charges will be in accordance with the share contributed by each partner. A.
3. Manu VIII, 211; Yagñavalkya II, 259
4. The expense incurred by the purchase of merchandise, for food, &c., has to be defrayed by all the partners in due shares, according to the terms originally agreed on, and the several shares contributed by them. A.
5. He who causes the loss of funds contributed by all the partners must make it good, and so must he who has infringed
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