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jus accrescendi inter mercatores pro beneficio commercii locum non habet


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[Latin: for the advancement of commerce there is no place for the right of survivorship between merchants]

A maxim stating the principle that equity will treat as tenants in common (see tenancy in common) those in partnership whose interest in partnership property is at common law a joint tenancy. Thus on the death of a partner his interest in the partnership property is part of his estate rather than belonging to the surviving partners.

Subjects: Law.


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