Martin v. Peyton

From Clever Camel Wiki
Jump to navigationJump to search

Holding

The lenders in the business were not considered partners because:

  1. They were only being paid for their loans
  2. There was no commingling of their loans with other funds of the business
  3. Although they could veto certain transactions, they could not initiate their own transactions
  4. The had no control of the group