Publisher's Synopsis
Excerpt from Tentative Drafts of an Act to Make Uniform the Law of Partnership
The result of our work on draft A is presented in draft B printed on page 7 infra, which is a Partnership Act drawn on the theory that a partnership is a legal entity or person distinct from the legal personalities of the several partners.
While working on draft B the number and radical nature of the alterations in existing law made necessary by the adop tion of the entity theory impressed us with the desirability of also drafting an Act which would be based on the aggregate theory, so that your Committee might be in a position to compare the results of the adoption of the theory underlying most of the present case law with those resulting from that advocated by Mr. Ames. The result of this endeavor is presented in draft C, printed on page 36 infra.
It so happened that the final polishing of draft C was completed before the last revision of draft B. This will explain why, where both drafts are identical, and yet differ from the last draft submitted by Mr. Ames, or from the English Act, the ex planations of the changes are in the notes under draft C.
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