Samuel. Samuel sues Lynn and Jack for his personal injuries, joining Lynn as defendant on the theory that Lynn was Jack’s partner. Is Lynn a partner of Jack? Explain.
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Lynn and Jack jointly own shares of stock of a corporation, have a joint bank account, and have purchased and own as tenants in common a piece of real estate. They share equally the dividends paid on the stock, the interest on the bank account, and the rent from the real estate. Without Lynn’s knowledge, Jack makes a trip to inspect the real estate and on his way runs over Samuel. Samuel sues Lynn and Jack for his personal injuries, joining Lynn as defendant on the theory that Lynn was Jack’s partner. Is Lynn a partner of Jack? Explain. |
Explanation
Individual L and Individual J jointly own stock shares, property, or bank accounts. This does not make them partners. The motive of Individual L and Individual J is not to own a business with profit making as its main purpose. This clarifies why Individual L should not be held responsible for the damages incurred by Individual S.
Verified Answer
Individual L and Individual J are not partners. This is because they have not come together for the purpose of profit making through business.
