BUSINESS LAW & ETHICS

BFT 103
PARTNERSHIP & COMPANY LAW
Introduction
FORMS OF BUSINESS
Partnership
Wong Peng Yuen v Senanayake
Partnership vs. Company
Keow Seng & Company v Trustees of Leong San
Tong Kho Kongsi (Penang).
Every Person Agrees to Carry on
Business in Common
All Partners Agree to Carry on
Business for Profit
Purely Receiving Profit Does Not Make a
Person a Partner
Sharing the gross profit of a certain transaction
does not necessarily
create a partnership as stated in S.4(b).
REGULATIONS ON FORMATION OF
A
PARTNERSHIP
Partnership Agreement
The matters which are normally specified in as
partnership agreement are:
Can a partnership agreement be
varied?
Capacity of Partners
Williams Jacks & Co (Malaya) Ltd v Chan & Yong
Trading Co.
Can a person of unsound mind be a partner?
Other Rules Relating to a Partnership
LIABLITIES OF PARTNERSHIP FOR
CONTRACT WITH OUTSIDERS
Sec. 16
 (1)
The Act Must Be Within the Scope
of the Kind of Business Carried on
by the Partnership Firm
The Act Must Be Within the Scope of the Kind of
Business Carried on by the Partnership Firm
Merchantile Credit Co. Ltd. v
Garrod
Mandelberg v Adams
Sec . 8
 (2)
The Act in Relation to the
Transaction Must Be Effected in the
Usual Way
The Act in Relation to the Transaction Must Be
Effected in the Usual Way
The Act in Relation to the Transaction Must Be
Effected in the Usual Way
 What is meant by effecting
transaction in the usual way?
Chan King Yue v Lee & Wong
 (3)
The Act Must Be in the Capacity as
a Partner, Not in His Personal
Capacity
The Act Must Be in the Capacity as a
Partner, Not in His Personal Capacity
Sec. 6
LIABILITIES OF PARTNERS
Contractual Liability
Osman B. Hj. Mohamed Usop v Chan Kang Swi
Ordinary Torts
Misappropriation
Criminal Liability
Chung Shin Kian & Anor v PP
Duration Of Liability
Liability of retired partners
Notice Of Dissolution
Case Kam Hoy Trading v Hup Aik
Tin Mining
COMPANY LAW
Law
What Is Company
Companies Limited By Shares
Companies Limited By Shares
Company Limited By Guarantees
Company Limited By Both Shares
And Guarantee
Unlimited Companies
Foreign Company
Public & Private Companies
Forming A Company
DISSOLUTION & WINDING UP OF THE
COMPANIES