BLAW 101 Lecture Notes - Lecture 22: Santa Barbara City College
Document Summary
Section 5 defines a partnership as the relation that exists between persons: Carrying on a business (1) repetitive or regular acts done in relation to any trade, occupation or profession". Business" is any trade, occupation or profession" (compared to a hobby) Carrying on" repetition is the key a one-off transaction is more likely to be a joint venture. Need a pattern or series of acts. K invested in a restaurant venture with m etc. They did many things before the restaurant opened. If partnership exists, k entitled to a distribution of partnership assets on dissolution. Hl said premises were partnership property, ordered sale of the property and distribution of proceeds. Ha did architectural work for w. w and g were contemplating a venture. When w did not pay ha"s fees, was. If a partnership exists, g and w, respectively, are jointly liable for fees / price. Needs to be a mutuality of rights and obligations.
