Summary

Pierce Butler Giles v. Vette — Opinion of the Court

The provisions of the agreement giving respondents right to have access to the books of the firm, to have statements, to appoint auditors, and, in the events specified, to call for a dissolution, were appropriate in a limited partnership. See section 19, Act of 1874; section 10, Uniform Limited Partnership Act. Under the circumstances, these provisions do not indicate any intent on the part of Hecht and Finn to become general partners, or support petitioners' contention that they are liable as partners.
As to third parties, they cannot be held liable as general partners.
Source: Wikisource

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