Lupian v. Malsbenden

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Revision as of 01:30, 6 December 2010 by 68.80.253.120 (talk) (Created page with "== Holding == The defendant (lender) in this case was held to be a partner because: # the money he loaned carried no interest # he was involved in the day to day activity of the ...")
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Holding

The defendant (lender) in this case was held to be a partner because:

  1. the money he loaned carried no interest
  2. he was involved in the day to day activity of the business
  3. the loan amount would be paid back from the sale of goods and a share of profits from those sales.