COMM 393 Chapter Notes -Joint Venture
Document Summary
Donald demchuk, the father of elvis demchuk, has been sued under a lease agreement signed by his son. He wants that claim struck against him, arguing that there"s no basis for the action against him; he had nothing to do with the lease, it was in the name of his son alone. Decisions: there is no partnership, there is no joint venture, he is not liable. Reason: donald demchuk agreed to provide financing and lease to his son the equipment he purchased from the bank. Limitation of the objective to a single undertaking or ad hoc enterprise. Donald demchuk agreed to provide financing and lease to his son the equipment he purchased from the bank, but expected to be repaid. There is no intention to share in the profits as regular monthly payments are to be made. No evidence of an express or implied partnership agreement; no evidence that donald.
