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Chapter 3 Flipsnack V.1

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Published on December 1, 2014

SECTION 4 Section4ofthePAlaysdownthecircumstances inwhichtherearenoprimafaciepartnership; a. Jointtenancy,tenancyincommon,joint property,commonpropertyorpartownership. b. The sharing of gross return. c. Thereceiptbyapersonofashareofprofitisa primafacieevidencethatheisthepartnerof thebusinessbutthereceiptofsuchshareora paymentcontingentonorvaryingwiththe profitsofabusinessdoesnotofitselfmakehima partnerinthebusiness;andinparticular;