LAWS1100 Study Guide - Final Guide: Settlor, Joint Venture, Legal Personality
Document Summary
Sole trader has unlimited personal liability for the debts and other legal obligations of the business. There must be some continuity or repetition smith v anderson (1880) - a trade, occupation or profession - evans v federal (1989) Each person must be acting on behalf of the others as well as on their own behalf degiorgio v. Dunn (2004: with a view of point. Business for non-profit purpose should form an unincorporated association rather than partnership: authority of partners, mutual liability: Each partner has unlimited personal liability for the debts and obligations of the business: actual authority: Express expressly authorised by other partners. Implied all the things necessary to carry out their express authority and to carry on the business of the partnership: apparent authority: The partner was carrying on business of the kind carried on by the partnership and that business was being carried on by the partner in the usual way - mercantile v garrod (1962); goldberg v.
