Trading partnership
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
Whenever the business of a firm, according to the usual modes of conducting it, imports, in its nature, the necessity of buying and selling, the firm is properly regarded as a "trading partnership" and is invested with the powers land subject to the obligations incident to that relation.
Dowling v. National Exch. Bank, 145 U. S. 512 , 12 Sup. Ct. 928, 36 L. Ed. 795.