Sec.1. A Partnership Is An Association Formed By Contract Between Two Or
More Persons, For Joining Their Money, Labor, Or Skill, In lawful
Business, The Profits To Be Divided And The Loss To Be Borne By The
Partners In certain Proportions. It Is A Partnership If One Furnishes
The Funds And The Other Performs The Labor; Or If, When No Money Is
Necessary, Each Agrees To Do His Share Of The Labor. A Partnership Or
Association Of This Kind Is Denominated A _Firm_, Or _House_.
Sec.2. The Act Of Any One Of The Firm Is Considered The Act Of All, And
Binds All; And Either Of Them Is Liable For All The Debts. But If A Bill
Or Note Is Drawn By One Partner In his Own Name Only, Without Appearing
To Be On Partnership Account, He Alone Is Bound, Though It Were Made For
A Partnership Purpose. A Partner Buying Goods On His Own Account For His
Individual Use, Is Alone Liable; But If They Afterward Go To The Use Of
The Partnership, All Become Responsible.
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