Back to the text
Contracts Act · s 197
Suggest a correction
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
Contracts Act · s 197
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
No person receiving, by way of annuity or otherwise, a portion of the profits of any business, in consideration of the sale by him of the goodwill of such business shall, by reason only of such receipt, be deemed to be a partner of the person carrying on such business or be subject to his liabilities.