case joke

2
Held: 1. The right of exclusive management conferred upon Tan Sin An, being premised upon trust and confidence, was a mere personal right that terminated upon Tan’s demise. The provision in the articles of partnership stating that the deceased partner shall be represented by his heirs could not have referred to the managerial rights given to Tan Sin An but it more appropriately relates to the succession in the propriety interest of each partner (heir becomes limited partner only).

Upload: daregumacal

Post on 13-Dec-2015

217 views

Category:

Documents


0 download

DESCRIPTION

reviewer

TRANSCRIPT

Page 1: case joke

Held: 1. The right of exclusive management conferred upon Tan Sin An, being premised upon trust and confidence, was a mere personal right that terminated upon Tan’s demise. The provision in the articles of partnership stating that the deceased partner shall be represented by his heirs could not have referred to the managerial rights given to Tan Sin An but it more appropriately relates to the succession in the propriety interest of each partner (heir becomes limited partner only).