Question

profit sharing is not a conclusive proof of​

Answer 1

Answer:

Participation in the profits of a business is cogent evidence of a partnership, and in the absence of certain specified exceptions, the fact that one receives a share of the profits constitutes prima facie evidence that he is a partner, though an agreement to share profits alone is not conclusive evidence of the ...

hope it helps you

mark me as brainliest

Answer 2

Hello !

The absence of a written contract of partnership is not conclusive of whether a partnership exists, but is an element for serious consideration. The lack of partnership documentation is not a critical factor. The existence of a partnership may be proved without writing by transactions, conduct, and declarations.

Hope It Helps u :)