Rhode Island General Laws 7-12-22. Partnership bound by admission of partner
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An admission or representation made by any partner concerning partnership affairs within the scope of his or her authority as conferred by § 7-12-12 — § 7-12-55 is evidence against the partnership.
History of Section.
R.P.L. 1957, ch. 74, § 11.
Terms Used In Rhode Island General Laws 7-12-22
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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.
§ 7-12-22. [Repealed effective January 1, 2023.]
History of Section.
R.P.L. 1957, ch. 74, § 11; repealed by P.L. 2022, ch. 123, § 1, effective January 1, 2023; repealed by P.L. 2022, ch. 124, § 1, effective January 1, 2023.