The Montgomery advertiser., 1907-04-21
By Katherine Louise smith.

| (Copyright. 1907, by Joseph B. BoWles') A woman often enters into partner ship with some one for the purpose of carrying on business Formerly this 1 was confined to such enterprises as millinery stores, notion stores, and stores of a similar nature. where the trade would be largely derived rom women, but today women have enter ed all fields, and there are few forms of business she has not undertaken, either as a principal. agent or clerk. No matter in which of these capacities she figures 1t is well for her to under stand some of the requirements ef partnership. If she does not herself | enter into partnership with some one, she may be asked by husband or friend for advice. which she cannot | give understandingly unless she knows | a partner's liabilities. Or she may be | obliged to settle an estate of some one | who at the time of his death was l partner in firm.
 When a partnership is formed, the | length of time for it's duration is often | given. If not. 1t may cease any time l by mutual consent. The death of | mariner, of course, dissolves the firm. | Insolvency or gross misconduct or some other legitimate cause may also | do so. When the partnership Is dis solved general notice published Tn | the newspaper gives warning to for | mer debtors or customers of the firm, In the dissolution of partnership all l debts must first be paid, when the bal l ance of the assets, if any remain, are divided among the partners according l to their share in the firm. If there | Is not sufficient money to pay he debts, the partners must each contri- bute their proportion to make up the l deficiency
 | All persons capable of making a valid agreement may enter into part nership and a woman making such move should remember that one part ner can be the agent of others and sell partnership property which IS held for sale or can indorse or can transfer orders or checks belonging | to the firm. Also one partner can give a note or borrow money in the name of the firm for partnership pur- poses and can collect and pay debts due the firm. For this reason it is advisable to know something of the honesty and business capacity and | good judgment of a party before en- | terine into business with him. It has happened that one partner who has been lacking in judgment has caused hoth to suffer. The appropriation of | funds belonging to a firm by part | per ia not embezzlement and there are yranv reasons of this nature why one sbould be careful before entering into the relation
 one phase of partnership should De clearly understood and this is that each mariner is liable for all the debts or inc firm. Cases have been where both mariners gave security for debts, one worthless securities as time proved. l and thA other good ones. The last suffered and the first had the satisrac- tion of feeling that the debt was paid with no effort on his part. When | cIerk salesman or wage-worker re- ceives a share of the profits of a | firm as in the numerous profit-shar- ! ing concerns, he is not liable for the | debts of the firm as partner. This ia on the ground that he Is working
 for wages
 Formerly a married woman could
 not enter into partnership with any
 one. but now the general rule is that
 A woman can form partnership which
 will bind her separate estate put can
 not join a firm of which her husband
 is a member, or enter into partnership
 with her husband.
 "I have been appointed guardian or
 a young child what are my outles' | Madden Aunt
 A guardian Is strictly speaking a
 trustee and the ward is the person
 for whom the guardian is appointed.
 In some cases guardians are obliged
 to give bonds You will be expected
 to have charge of your wards per
 son and property but cannot sell his
 real estate without authority from
 the proper court. If any benefit ac-
 crues from the sale of his property
 1t is due the ward and you VIII oe
 held strictly accountable Tor the man
 agement of his funds. for their mis- I n