 | Samuel Comyn - 1824 - 680 lapas
...to a partnership. De Grey Ch. J. said : " The only question is, what constitutes a secret partner ? every man who has a share of the profits of a trade ought also to bear his share of the loss. And if any one takes part of the profit, he takes a part of that fund on which the creditor of the trader... | |
 | 1839 - 860 lapas
...thus given by Chief Justice DE GREY, in Grace v. Smith, 2 Blackstone 1000, " Every man who has the share of the profits of a trade, ought also to bear his share of the loss; and if any one takes part of the profit, he takes a part of that fund on which the creditor of the trader... | |
 | John Collyer - 1840 - 1016 lapas
...must he a communion of pro/it between them. A communion of profit implies a communion of loss ; for, " every man who has a share of the profits of a trade, ought also to bear his share of the loss (b)." It is not, however, necessary that every party to the contract should undertake to share the... | |
 | Matthew Bacon, Sir Henry Gwilliam, Charles Edward Dodd - 1846 - 890 lapas
...Smith, 2 Bl. Rep. 998. De Grey, CJ—The only question is, What constitutes a secret partnership ? Every man who has a share of the profits of a trade ought also to bear his share of the loss. And if any one takes part of the profit, he takes a part of that fund on which the creditor of the trade... | |
 | Joseph Story - 1846 - 756 lapas
...persons, is thus stated by Lord Chief Justice De Grey, in Grace v. Smith, (2 W. Black. 998, 1000). " Every man, who has a share of the profits of a trade, ought also to bear his share of the loss. And if any one takes part of the profits, he takes a part of that fund, on which the creditor relies for... | |
 | Joseph Story - 1846 - 796 lapas
...profit ; l or, according to the language used on another occasion, " Every man, who has a share in the profits of a trade, ought also to bear his share of the loss, as a partner."2 In a just sense, this language is sufficiently expressive of the general rule of law... | |
 | Joseph Chitty - 1855 - 1120 lapas
...A communion of profit implies a communion of loss ; for " every man who has a share of the profita of a trade ought also to bear his share of the loss." Per De Grey, CJ 2 Sir Win. fll. 999 ; Dob i<. Halsey, 16 John. 34 ; Bowman v. Bailey, 10 Vermont, 170... | |
 | Ireland. High Court of Chancery - 1866 - 692 lapas
...partnership, resulting from a share in the profits, was stated by De Grey, CJ, in Grace v. Smith (a) : — . "Every man who has a share of the profits of a trade, ought also "to bear his share of the loss. And if anyone takes part of the "profit, he takes a part of that fund on which the creditor of the "trader... | |
 | 1866 - 694 lapas
...partnership, resulting from a share in the profits, was stated by De Grey,- CJ, in Grace v. Smith (a) : — " Every man who has a share of the profits of a trade, ought also " to bear his share of the loss. And if anyone takes part of the •• profit, he takes a part of that fund on which the creditor of the... | |
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Every man who has a share of the profits of a trade ought also to bear his share of the loss. And if any one takes part of the profit he takes a part of that fund on which the creditor of the trader relies for his payment. 
