Question regarding partnership agreement and contract

Assignment Help Business Law and Ethics

Reference no: EM13824781

Problem:

Kuli owned a tobacco farm and entered into an agreement with Magory whereby Magory would work the land for Kuli for a year; be given possession of a house on the land during that period; receive from Kuli half the necessary supplies for the land and provide the other half himself; and market the crop and give half the proceeds to Kuli. Were Kuli and Magory partners? - If not what type of arrangement was it?

Additional Information:

This question is belongs to Law as well as it discusses regarding an agreement which seems like partnership agreement. A person assigns work to another person in land with situations. The difference between partnership agreement as well as a regular business contract have been stated in the solution in detail.

Total Word Count 286

Reference no: EM13824781

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