For the purposes of the rules as to proof by secured creditors1, the joint estate of partners is to be considered as different from the separate estate of any partner. Therefore, a partnership creditor having a security for his debt on the separate estate of one partner need not value or give up his security2, and conversely a creditor of one partner is not obliged to give up or value a security which he holds on the joint estate3.
Where, however, A and B deposit a lease, granted to them as tenants in common beneficially, with a bank to secure
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