An arrangement between the members of a dissolved partnership that the debts of the firm are to be paid and the affairs wound up by a particular partner does not bind creditors of the firm even if they have notice of such arrangement1; but a charge by a partner on his private property to secure his firm's banking account2 is not available as a security for debts to the bank which are incurred after his death by the surviving partners who continue the business
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234