JOINT ADVENTURE-ACTIONS AT LAW FOR SHARE OF PROFITS

Authors

Hobart Taylor, Jr., University of Michigan Law SchoolFollow

Abstract

Action in assumpsit for money due under a contract whereby defendant leased plaintiff's entire clothing factory for the manufacture of 20,000 coats for which defendant held a government contract. By the terms of the agreement, plaintiff was to receive one-half of the net profits. The agreement expressly stated that they were not to be partners. The coats were manufactured pursuant to the agreement. Held, a mere agreement to share profits is, between the parties, insufficient to create a partnership, and assumpsit may be maintained by the members of a joint adventure inter sese for the agreed share of profits. Kingsley Clothing Mfg. Co. v. Jacobs, 344 Pa. 551, 26 A. (2d) 315 (1942).

Recommended Citation

Hobart Taylor, Jr., JOINT ADVENTURE-ACTIONS AT LAW FOR SHARE OF PROFITS, 41 Mich. L. Rev. 982 (1943).
Available at: https://repository.law.umich.edu/mlr/vol41/iss5/20