Missouri Laws 509.150 – Partnership deemed confessed, unless denied
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Terms Used In Missouri Laws 509.150
- Counterclaim: A claim that a defendant makes against a plaintiff.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
When parties sue or are sued as a partnership, and the names of the partners are set forth in the petition or counterclaim, the existence of the partnership shall be deemed confessed unless it be denied by specific negative averment, which shall include such supporting particulars as are peculiarly within the pleader’s knowledge.