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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 533   View pdf image (33K)
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ART. LXXIIIA] PARTNERSHIP. 533
1916, ch. 175, sec. 2.
2. (DEFINITION OF TERMS.) In this article, "Court" includes
every court and judge having jurisdiction in the case.
"Business" includes every trade, occupation, or profession. "Per-
son" includes individuals, partnerships, corporations, and other associa-
tions.
"Bankrupt" includes bankrupt under the Federal Bankruptcy Act
or insolvent under any state insolvent act.
"Conveyance" includes every assignment, lease, mortgage, or encum-
brance.
"Real property" includes land and any interest or estate in laud.
1916, ch. 175, sec. 3.
3. (INTERPRETATION OF KNOWLEDGE AND NOTICE.) (1) A person
has "knowledge" of a fact within the meaning of this article not only
when he has actual knowledge thereof, but also when he has knowledge
of such other facts as in the circumstances shows bad faith.
(2) A person has "notice" of a fact within the meaning of this article
when the person who claims the benefit of the notice
(a) States the fact to such person, or
(b) Delivers through the mail, or by other means of communication,
a written statement of the fact to such person or to a proper person at
his place of business or residence.
1916, ch 175, sec. 4.
4. (RULES OF CONSTRUCTION.) (1) The rule that statutes in dero-
gation of the common law are to be strictly construed shall have no
application to this article.
(2) The law of estoppel shall apply under this article.
(3) The law of agency shall apply under this article.
(4) This article shall be so interpreted and construed as to effect
its general purpose to make uniform the law of those states which enact
it.
(5) This article shall not be construed so as to impair the obligations
of any contract existing when the article goes into effect, nor to affect
any action or proceedings begun or right accrued before this article
takes effect.
1916, ch. 175, sec. 5.
5. (RULES FOR CASES NOT PROVIDED FOR IN THIS ARTICLE.) In
any case not provided for in this article the rules of law and equity,
including the law merchant, shall govern.


 
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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 533   View pdf image (33K)
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