Reference no: EM131428369

Bob and Joshua are best friends. They decide to run a flower shop together. They agree that Bob will be responsible for leasing suitable premises to run the business from, while Joshua will be responsible for buying the equipment that they need to run the flower shop. Both parties are very excited about the project. Joshua finds pots he likes and he believes those pots would be great for the business. He orders 100 of them from Jim. Jim then sends the invoice and the pots to Bob, who takes delivery of the pots. However, before any other transaction takes place, Bob and Joshua have an argument and are no longer speaking to one another. Any plans for running the business together have now been completely dropped. Jim has not been paid for the pots he supplied.

Advise Jim as to whether a partnership exists between Bob and Joshua. Why do you think Jim wants to prove that there is a partnership between Bob and Joshua?