Partners
Partners, Debt, Liability
From the book The Clergyman’s Hand-book of Law, about Partners, Debt, Liability (1): Where several go into an undertaking without first being incorporated they are usually liable as partners, each one being responsible for the whole debt. In some States the same liability exists where an attempt has been made to incorporate, but there was a failure to comply fully with the law.93 There is some authority freeing the individual members of a religious society from liability for the debts of such society,94 and holding that an agent of such society could not bind the society in their associated capacity by a promissory note,95 but the rule is that the members of an unincorporated society who actively incur lawful debts or ratify them after their creation are personally liable. There are exceptions to this rule by statute or decisions in a few States.96 Also, the law of personal liability is settled in England.97
Resources
Notes and References
- Charles M. Scanlan, The Clergyman’s Hand-book of Law. The Law of Church and Grave (1909), Benziger Brothers, New York, Cincinnati, Chicago
See Also
- Religion
- Church
Leave a Reply