Daniel Vs Rubya

Words: 202
Pages: 1

Facts of the case:
Daniel hires Rubya to manage one of his stores and agrees to pay a monthly salary plus 20 percent of profits of that store. Rubya represents himself as Daniel partner without is knowledge to Classen who relies on the misrepresentation and extends Rubya credit.
Partnership Agreement:
In order for there to be a partnership, an agreement must be created by the parties to form a business for profit under the Uniform Partnership Act. The parties must decide on their proportionate share of investment that will determine the taxes and profits that will be paid and received. Partners have unlimited liability for partnership debts.
Partnership by Estoppel:
Under the theory of estoppel, Daniel is not liable because he never presented