- A commercial partnership; a partnership organized for the purpose of trade or commerce. If the business of a partnership, according to the usual mode of conducting imports, in its nature, the necessity of buying and selling, the firm is properly regarded as a trading or commercial partnership otherwise it is nontrading or noncommercial. 40 Am J1st Partn § 12.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
trading partnership — see partnership Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
trading partnership — A firm the nature of whose business, according to the usual modes of conducting it, imports the necessity of buying and selling. Bowling v. National Exch. Bank, 145 U.S. 512, 12 S.Ct. 928, 36 L.Ed. 795 … Black's law dictionary
partnership — part·ner·ship n: an association of two or more persons or entities that conduct a business for profit as co owners see also uniform partnership act in the important laws section compare corporation, joint venture, sole pro … Law dictionary
partnership — A business owned by two or more persons that is not organized as a corporation. A voluntary contract between two or more competent persons to place their money, effects, labor, and skill, or some or all of them, in lawful commerce or business,… … Black's law dictionary
trading firm — See trading corporation; trading partnership … Ballentine's law dictionary
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noncommercial partnership — Same as non trading partnership … Ballentine's law dictionary
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