127Application of Part 10 to partnerships

127 Application of Part 10 to partnerships (1) Subject to this Part and regulations made for this Part, if a licensed dealer carries on the business of a dealer in partnership with one or more other licensed dealers, this Part applies to and in relation to each of those dealers as if: (a) the business were carried on by that dealer alone; and (b) anything done or omitted to be done in connection with the business by one of the dealers had been done or omitted to be done by each of them. (2) Nothing in subsection (1) renders a dealer guilty of an offence as a result of the doing of an act by another dealer in the partnership.