Question 1

We are 1 June 2020 and Chidi is very happy.Having just graduated, he is starting a new position at an accounting firm called Numbers R'US. Although it was founded in 2019, the firm has been very successful and is made up of 10 partners, including Michael and Tom, the two founding members. The firm is not an incorporated limited partnership.

Chidi is working at Numbers R' Us full time and is quickly becoming more involved with the business of the firm. He is paid $65, 000 per year. This is a fixed salary that does not change according to the profit made by the firm. He is very diligent and full of promise. Everyone notices his work ethic and commitment to the job. Within a few weeks, Chidi has become a star employee. So much so that from now on, Chidi will work with one for the founding members, Michael.

On 3 July 2020, Michael has an important meeting with a potential client of the firm, Sparkling Ads Pty Ltd. The managing director of Sparkling Ads is Emily. When Michael arrives at the meeting, he introduces Chidi as 'his partner'. Chidi is a little surprised as this title but sees it at nothing more than a sign of respect from Michael.

A.Is Chidi a partner of the firm? Use the Partnership Act and case law to support your argument.