PHI LOS 0 P H Y . - Classic Works of Apologetics Online

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l)c diminished, by this rule B loses only his labour as
before; whereas A loses his interest, and part of the
principal: for which eventual disadvantage A is .
compensated, by having the interest of his money
computed at six per cent. in the division of the profits,
when there are any.
It is true, that the clivisi(l~ of tIle profi~ is seldom
forgotten in the constitution of the. partnership;
and is therefore commonly settled by express agree ..
Inellts; but these agreements, to be equitable, 5hould
pursue the principle of the rule here laid Gown. _
AI! the partners are bound by what anyone. of
them does in the ~ourse of the business; fer, quoad
.hoc, each nartner .. is considered as an authorized
ager..t for the rest.
(
CH.i1PTER XIV.
CONTRACTS OF LPJ30UR_
OFFICES.
;/~ IN many offices, as schools, fellowships of col."
Iteges, professorships of the universities, and the like,
I there is a twofold contract, one with the founder
the other with the electors.
.'
, (The contract with the founder obliges the incumbent
of thp. office to discharge every duty appointed
by the charter, statutes, deed of gift, or will of the
founder;l because the endowment was given, and
consequ~ntly accepted for that purpose, and upon
tho~e conditions.
{ The contract with the electors extends this obligation
to all duties that have been customarily connected
with and reckoned a part of the office, though
not prescrilY.!J by the founder:l for the electors expect
from the person they choose, all the duties
which his predecessors have discharged; and as the