The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1873-01-18

htH3 fsHoeflfs lsi n nri
asn sns j. ihtt % ibs Usb ty %.
ths parties 10 fhrl PARTIES mg.a.
go tiafe in 'ie ffa. GOD fla afis.
a. 10 uh athsr tH fsfff .bf
go -'ai afr Conceal as fss
60 ihs pert 1iif business sngage.
Boo. rrrept iash 81 comply sh
ssral sistuis node iufibo creation
~ limited partnerships ~ rfstas.
81 tle lab ny ~ % far'uersL1 q,
.ilini parties. r. sh vel settled uI'
thai che gal hei " one paffasI
.hIHlf he firm iu lbo lunsa fuH u
ths ordinary business Of tle hm
and 'hat ibc pauuss are Ini lu.
ally liable Toe iLe laLi 30 che fnm
a planter may enter into q partner.
ship slth eerlAiH phrtie, io raise and
cultivate aerop each party furnish.
ing D certain amount n capital 9,
produce tho crop, one turn she, che
land, mules. feed. etc AND the other
the Istor iu the cultivation Of m,
crop, md thy dividing ihp rop ur.
on certain agreed terms. ~ .lch 9
case each are bound 90 The outside
world iof the legal oct. n the other
in the making u the crop .nl one
Of The firm may. primo trcc bind
the firm by acts that. by tic terms
Of the contract, VAS 10 be done by
the other members, or not to be
done at al, the only question being,
was the a., such a one as third par
ties had n right to believe should be
done by either partner in the due
course Of conducting the partnership
business such ~ the procuring OF
plantation supplies aud provisions
necessary to raise the crop. A. and
b. form a partnership to plant fifty
acres ot land in cotton. A furnishes
the hand aud team, aud b furnishes
the labor, and they are to divide
equally; by the terms of the con.
tract a partnership being formed
In this case both are joint owners in
the crop and equally bound to eacl
other and the world as partners, ant
any advances made by one member
OF the firm for firm purposes woulc
stand only as a debt against the firm
to be brought in in settlement of tho
firm affairs.
The terms of q contract showing
the Intention of the parties, govern
and determine the relationship ca,
isting between the parties, and in tn,
making Of IL contract, each part,
must fully consent to make it bind
ing, So that a planter may form {
partnership with his hands to make
a crop upon certain terms, thereby
binding in any way they may aga ee
the respective partners, aud the Of,
tects OF the partnership. A planter
may enter into q contract to furnish
teams, feed, farming nipple,
ments, provisions, otc., and to give
the other parties n certain part of the
net proceeds Of tho crop after pay
ing all expenses, the said advances
made as a part Of the capital
to make the crop, aua not
as n subsequent liability as an indi,
member.
We think TINT such advances
would have to be paid in the settle
nent OF the firm business in prefer
ance to any outside liability or as
'lgnment made by the lahorers, pro-
ilded the terms otthe contrast only
gave the laborers an interest in the
net proceeds, In this kind of a
partnership there is a joint owner
hip OF tho crop, and either party
nas a right to hold aud control Il,
md one party cannot take tho pro-
oerty from the other by process of
In a joint tenancy there is an equal
interest in the property, but with no
.oint liability for the acts of other
parties, there being no joint liabili-
lies as in a partnership between
hem, each holding subject to the
of the other, but individually.
relationship is but seldom crea-
led in farming transactions, and need
not be referred to further.
Every person who intends to farm
should clearly understand what cons
he makes with reference there.
20. The land owner must deter
whether he wishes to rent,
lire lands for n part Of the crop or
liked wages, or to create II partner
If be rents his lands, then he
becomes landlord, and his rights
accrue ms such, and ho must draw
lls contract as a landlord. If he
wants to hire hands to work his
and for wages, he must state in his