Missouri Laws 490.520 – Proof of partnership
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Terms Used In Missouri Laws 490.520
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Whenever it becomes necessary in any suit to prove the existence of a partnership, an affidavit of a competent witness, setting forth the names and places of residence of all the partners, the name of the firm, the general nature of the business and where transacted, and the time of the commencement or existence of such partnership, shall be prima facie evidence of the facts therein stated.