PLEASE EXPLAIN YOUR ANSWER IN IRAC FORMAT: ISSUE, RULE, APPLICATION, CONCLUSION

Over dinner one evening, Peter and Fred decide to each contribute $10,000 to form a partnership to invest in a business venture. A written partnership agreement is drafted, which includes a stipulation that all profits from the venture are to be shared equally between partners. Fred invests an additional $5,000 to secure office premises and furniture for their venture. After 6 months, the business venture still has not commenced, and no profit has been made. Peter asks Fred to refund his $10,000 contribution but Fred refuses since he has incurred debts and liabilities. Fred argues that since there was no profit, their partnership is invalid. Is Fred correct? PaGe lol 293% You sent Brian is a landscape gardener. He often works with Maya, who specializes in native plants. While working on a common project, Brian authorizes Maya to purchase native plants for any amount under $350. He tells Maya to go to Eve's Nursery and to charge the purchase to their joint account. Maya also wants to purchase some plants for her personal use. Brian agrees, as long as the total purchase price does not exceed $450. Maya then goes to Eve's Nursery and buys plants for a total cost of $550.She does not disclose to Eve's Nursery that the purchase includes plants bought as agents for Brian. Brian is furious that Maya has spent so much money and refuses to ratify the purchase. Is Brian liable to pay for Maya's purchase at Eve's Nursery?