Topic > Re Meeband Case Study - 2139

Re Ruddock (1879) indicates that “to determine the real nature of the business relationship the court will examine the agreement itself, the parties themselves, the entire course of the dealings between the parties ”. Compared with the Re Megeband case, both cases share the profits equally. But the difference is that in the Re Megeband case there was a loss sharing agreement whereas in this case there was no mention of losses. It is difficult to determine whether a partnership exists between Adrian, Bob and Charlotte, Dennis. However, according to the Buckingham case, if there are more characters like partnership than a partnership, it should be a partnership. Basing the analysis on step 2, it is more likely to be a partnership between Adrian, Bob and Charlotte, Dennis. Default rules relating to partners' interests and duties: Section 24(1)(a) states that "Partners share equally in capital and profits and must contribute equally to losses", Adrian, Bob, Charlotte and Dennis agree that they would share the profits equally, but did not mention the loss. Therefore, all four will share the losses equally. Section (1)(e) gives all parties the right to manage the business. Therefore, Adrian, Bob, Charlotte and Dennis also take responsibility for different sections of the company, all of them are decision makers. However, any