Question
John, Luke, and Mark are shareholders in a partnership business, JLM Foods. John entered into a contract, on behalf of the partnership, with Big Farms
John, Luke, and Mark are shareholders in a partnership business, JLM Foods. John entered into a contract, on behalf of the partnership, with Big Farms Ltd, a company in the agribusiness sector, to supply JLM with farm inputs. Luke and Mark have since discovered that John is, by far, the majority shareholder of Big Farms Ltd. They did not know of this when John was completing the contract. They plan to terminate the partnership. With regard to the legal rules governing the relationship between/among partners inter se,carefully analyse the parties' legal positions.
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