This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
A contract to which all the members of a partnership give their consent is binding upon them,1 even if outside the ordinary business of the partnership.2 Thus all the partners may agree to an assignment for the benefit of creditors.3 So with the eon-sent of all the partners, one partner may apply partnership funds to an individual liability.4
 
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