Has a partnership been created between the parties in the following circumstances: (i) As a result of
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Has a partnership been created between the parties in the following circumstances:
(i) As a result of previous dealings Juanita owes Kate $10,000 for stock used in her business. Kate stipulates that further stock will be supplied only on the basis that Juanita allocates 20% of the profits from her business to pay off the debt. Juanita agrees.
(ii) A husband and wife rent out their jointly owned home to cover the costs and expenses relating to the house whilst they are away on a six months overseas holiday.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: