Under the Partnership Act, a partnership has not been given any legal status. It is not a juristic person and the independent status given to the partnership firm under the Act has to be limited only for the purposes of that.
A firm is not an entity or 'person' in law but is merely an association of individuals and a firm name is only a collective name of those individuals who constitute the firm. In other words, a firm name is merely an expression, only a compendious mode of designing the persons who have agreed to carry on business in partnership. .....Dine Ara & others =VS= Bangladesh Rubber Industries & others, (Civil), 2016-[1 LM (AD) 91] ....View Full Judgment