Question
Hall owned a warehouse in Los Angeles. Jones and Smith were partners in a restaurant called Pirates Seafood House. Hall agreed to rent his warehouse
Hall owned a warehouse in Los Angeles. Jones and Smith were partners in a restaurant called Pirates Seafood House. Hall agreed to rent his warehouse space to Jones and Smith for the operation of their restaurant for $7,500 per month plus 5% of profits. He also agreed to allow Jones and Smith to remodel the warehouse to meet the needs of their new restaurant. Hall occasionally offered advice about the remodeling of the warehouse. Hall retained office space on the top floor of the warehouse, which he often opened to Jones and Smith to use for meetings with their employees and vendors. In addition, after the restaurant opened for business, Hall frequently signed for shipments for the restaurant, including regular shipments by XYZ Seafood Distributor. After five years in business, Jones and Smith decided to dissolve their partnership. During the winding up process, they were surprised to learn that Hall claimed that he should receive a share of the proceeds from the sale of the assets of Pirates Seafood House because he claimed to be a partner. Was Hall a partner of Jones and Smith? Discuss fully using the IRAC method
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