Question
After Todd married Brian's sister, Emily, Todd and Brian went into business together flipping houses in the Winston-Salem area.Todd found the houses and supervised their
After Todd married Brian's sister, Emily, Todd and Brian went into business together flipping houses in the Winston-Salem area.Todd found the houses and supervised their renovations.Brian paid for everything, purchases the houses in his name, and made all major decisions.He gave Todd 50% of the net profit after each house sold, but he did not ask Todd for money in the occasional event that he lost money on a house.
Todd and Emily divorced.Brian sold the two houses they were working on at the time for a profit but did not send Todd a check.Todd and Brian did not have a written agreement and filed nothing with the NC secretary of state, but Todd thinks they have a general partnership.Is he right?
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