Partnership act 1891, Provide a legal argument for why this

Partnership act 1891

Assignment Help Business Law and Ethics

Reference no: EM13777218

Facts:

Joe is a taxi driver. He reaches an agreement with Ann, who owns a taxi, on these terms:-

• At times to be agreed, Joe can pick up the taxi from Ann, who will deliver it with a tank full of fuel, in a clean condition and in proper repair.
• Joe can then drive the taxi for profit-making purposes for a maximum 12-hour shift, charging standard taxi rates, and using the radio system which Ann pays for at her own expense.
• During the shift, Joe will be entitled to buy petrol for the taxi out of the takings from the taxi fares.
• Joe must return the taxi to Ann no later than the 12-hour limit, in a clean condition and with the fuel tank full.
• The balance of Joe's takings (after fuel costs) will be shared between Joe and Ann 50/50.
• Ann will be responsible to pay for all other expenses of running the taxi, including taxi licence renewals, repairs and maintenance, insurances, etc.

Question 1: Provide a legal argument for why this is NOT a partnership under the Partnership Act 1891 (Qld).

Question 2: Apply the "three certainties" to demonstrate why this agreement does NOT create a trust.

Reference no: EM13777218

Questions Cloud

Short-term financing issues : What are the ways a firm can obtain short-term financing? Explain.

A brief statement of purpose : Prepare a 2-page outline of your Research Proposal. The outline should provide an overview of the main elements of your proposal. It should include: An introduction A brief statement of purpose

What we can include in our report about innovation : What we can include in our report about innovation? If it's a technological innovation, you can generate your outline in the following formate: Introduction, Body and Conclusion.

Life factors and sociocultural factors : What do you consider to be Freud's most significant contribution to the discipline of psychology? Of his different theories, which one do you feel is the most controversial?

Partnership act 1891 : Provide a legal argument for why this is NOT a partnership under the Partnership Act 1891 (Qld). Apply the "three certainties" to demonstrate why this agreement does NOT create a trust

The air transport association (ata) issues : What is the difference between controlled and uncontrolled documents?

Both psychoanalytic and neo-psychoanalytic theory : What might be the motivation behind this leader's career choice, according to Adler's theory? What was this person's perceived inferiority or weakness? How did this person obtain his or her high level of superiority striving? For example, Franklin..

Match the description to the type of wave being described : Match the description to the type of wave being described. Particles of the medium move in a direction perpendicular to the direction that the wave moves Transfer waves ,Longitudinal wave, Surface wave A slinky moving up and down represents this type..

Direct or indirect relationships with children : What other factors can you think of that might have direct or indirect relationships with children's feelings of loneliness? How would a path analysis help you understand the relative contributions of these factors and their interactions?

User Account

All Pages