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Contracts Act · s 196
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Contracts Act · s 196
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
No person, being a widow or child of a deceased partner of a trader, and receiving, by way of annuity, a proportion of the profits made by such trader in his business shall, by reason only of such receipt, be deemed to be a partner of such trader or be subject to any liabilities incurred by him.