jus accrescendi inter mercatores pro beneficio commercii locum non habet
[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. |