Partnership agreement and work contract

Reference no: EM13824328

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?

Extra Requirement:

The question belongs to Law and it discusses regarding a condition where a person hires someone to do work on his land for year and take half of the proceeds. The solution discusses whether or not this type of contract comes under partnership.

Word Limit: 286

Reference no: EM13824328

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