A partnership is, "an association of two or more persons who carry on a business for profit." This simple definition implies several things, 1) there does not need to be a written agreement, 2) there does not need to be an intent to form a partnership, just to carry on for business, 3) it's presumed (a legal term) that profits and liabilities will be divided equally unless otherwise stated, and 4) the business must be for-profit, that does not mean it needs to make a profit.

In the below case, the extent of liability for one partner based on the actions of another partner is explored. What is the court asked to decide? What is their definition of "joint and several liability"? What does this say for the dangers of partnerships? Should you avoid forming one?