Carefully read case #$3$ under "Cases for Analysis" in your textbook $($pages $726-727)$ andthoroughly discuss the following questions: $$Is Linda or Lois correct? $$ Did a partnership exist?

When the father of Stephen and Chris Nuss died, the two boys, aged $15$ and $12$ years, began towork the family farm. While the boys were still under the age of majority, their mother, Lois,kept the books for the farm. As the boys grew older, they took more and more responsibility inrunning the farm. They also rented and worked additional acres of farmland. They financed theserental agreements on their own, but their mother cosigned for the arrangements. The boys alsopurchased additional farmland. Again, their mother helped in this purchase by cosigning$.$ WhenChris decided to leave farming, Stephen paid him $$100,000,$ and in exchange, Chris signed overthe deed to the newly purchased land. Lois was not involved in this transaction. Stephen'sfarming business grew. He eventually amassed more than $1,200$ acres. He and his wife, Linda,kept their own financial records and maintained their own checking account for the running ofthe farm. Stephen's mother was not involved in any of this detail. However, Stephen continued topay many of the expenses involved on the original farm, where his mother still maintained her residence. Stephen also paid the insurance, maintenance, and repair expenses on all buildings andequipment on the original farm. Because Stephen continued to farm this land, in addition to theland he had subsequently purchased, these payments were always characterized as rent. No otherpayments went to Stephen's mother. When Stephen died, Linda, his widow and executor,claimed that a partnership existed and that the farm equipment on the original acreage andoriginal acreage itself belonged to that partnership. Lois argued that no partnership betweenStephen and her existed. Is Linda or Lois correct? Did a partnership exist? Explain.