Sharing of profit is a prima facie authority but not a conclusive evidence .explain Can anyone answer this question in his/her own way

Ruchi · 27 May 2025

Rohan · 27 May 2025

Share of profit is a prima facie for creation of partnership it is a essential element for partnership but not a conclusive evidence for partnership following are the consequences there sharing of profit is not a partnership 1. A lender of money who has sharing of profit in the business. 2. A widow and child of deceased partner. 3. A servent or a Agent on a salary 4. A old owner in case of consideration of goodwill giving share in profit in the business.