Abstract
Abstract Since before the first Partnership Act in 1865, there has been a debate as to the nature of a partner's share in a partnership. Is it a proprietary interest in the partnership property, a chose in action representing the money to be received on a dissolution of the partnership, or both at the same time? There has also been a debate as to whether one partner holds title to partnership property in trust for the other partners and, if so, the nature of that trust. Joel Nitikman explores this topics in a comment on the decision of the High Court of Australia in Commissioner of Taxation v. Rojoda.
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