sharing of profit is conclusive evidence of partnership .do you agree? why ?(please explain the meaning of question first)
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Sharing of Profits is conclusive evidence of Partnership
INTRODUCTION:
Before I move into the discussion of my topic “Sharing of Profits is only Prima Facie evidence of Partnership”, I will first elaborate what is Prima facie then I will thoroughly explain and justify the above statement.
Prima Facie:
According to the dictionary meaning Prima Facie refers to “at first sight” meaning “A legal presumption which means on the face of it”. I will clarify the statement with an example.
Example: proof of mailing a letter is prima facie proof that it was delivered to the person to whom it was addressed and will accepted as such by a court unless proven otherwise.
Analyzing my topic I will further need to explain what are Partnership, then the objective of partnership and finally the purpose of it, which will eventually lead us to the point that Sharing of profits is only prima Facie evidence of partnership.
hope it helps you friend.
@ sk
INTRODUCTION:
Before I move into the discussion of my topic “Sharing of Profits is only Prima Facie evidence of Partnership”, I will first elaborate what is Prima facie then I will thoroughly explain and justify the above statement.
Prima Facie:
According to the dictionary meaning Prima Facie refers to “at first sight” meaning “A legal presumption which means on the face of it”. I will clarify the statement with an example.
Example: proof of mailing a letter is prima facie proof that it was delivered to the person to whom it was addressed and will accepted as such by a court unless proven otherwise.
Analyzing my topic I will further need to explain what are Partnership, then the objective of partnership and finally the purpose of it, which will eventually lead us to the point that Sharing of profits is only prima Facie evidence of partnership.
hope it helps you friend.
@ sk
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