St. John Transportation Co., a corporation, made a contract with the partnership of Bilyeu and Herstel, contractors,

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St. John Transportation Co., a corporation, made a contract with the partnership of Bilyeu and Herstel, contractors, by which the latter was to construct a ferryboat. Herstel, a member of the firm of contractors, executed a contract in the firm name with Benbow for certain materials and labor in connection with the construction of the ferryboat. In an action brought by Benbow to enforce a lien against the ferryboat, the James Johns, it was contended that all members of the firm were bound by the contract made by Herstel. Do you agree? [Benbow v. The Ferryboat James Johns, 108 P. 634 (Or.)]

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Andersons Business Law and the Legal Environment

ISBN: 978-1133587583

22nd edition

Authors: David P. Twomey, Marianne M. Jennings

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