Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. (a) Although the sharing of business profit by a person is prima facie evidence of partnership, yet this presumption may be rebutted if the
2. (a) Although the sharing of business profit by a person is prima facie evidence of partnership, yet this presumption may be rebutted if the sharing is for some other reasons. Discuss. (10) (b) Duku and Dokong agree to run a laundry business and share the profit. However, Dokong also sells cakes in their business premise. Advise Duku as to whether he is entitled to a share of profit in the cake business. (10) (Total: 20)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started