Bradley and Emma agreed that they would set up a landscaping business to make some money during the summer. They agreed to each contribute initial capital for the venture (leasing equipment, buying supplies and advertising), but Bradley did not want to expose his personal assets to any losses suffered as a result of the venture.

(a) If they ask you how they can create such a relationship, how would you suggest that they create the relationship (identify any applicable legislation).

(b) Identify the types of rights/entitlements/obligations that they should address when establishing the parameters of their relationship.