Brenner was in the scrap iron business. Almost daily, Plitt lent Brenner money with which to purchase

Question:

Brenner was in the scrap iron business. Almost daily, Plitt lent Brenner money with which to purchase scrap iron. The agreement of the parties was that when the scrap was sold, Plitt would be repaid and would receive an additional sum as compensation for making the loans. The loans were to be repaid in any case without regard to whether Brenner made a profit. A dispute arose over the nature of the relationship between the two men. Plitt claimed that it was a joint venture.
Decide. [Brenner v. Plitt, 34 A.2d 853 (Md.)]

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Andersons Business Law and the Legal Environment

ISBN: 978-1133587583

22nd edition

Authors: David P. Twomey, Marianne M. Jennings

Question Posted: