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Chapter 2 - Gwu

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UPA (1914) § 18<br />

� “The rights and duties of the partners in relation to the<br />

partnership shall be determined, subject to any agreement<br />

between them, by the following rules:<br />

� “(a) Each partner shall be repaid his contributions, whether by<br />

way of capital or advances to the partnership property and share<br />

equally in the profits and surplus remaining after all liabilities,<br />

including those to partners, are satisfied; and must contribute<br />

towards the losses, whether of capital or otherwise sustained by<br />

the partnership according to his share in the profits.”<br />

(c) 2004 232

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