“Sharing of profits is the only prima-facie evidence of partners

Question

“Sharing of profits is the only prima-facie evidence of partnership”. Comment.

17 Oct 2021

Answer :

Word Count : 293

The statement "Sharing of profits is the only prima-facie evidence of partnership" reflects a fundamental principle in business law, specifically in the context of partnerships. Prima facie evidence refers to evidence that, on its face, is sufficient to establish a fact or raise a presumption unless rebutted. In the context of partnerships, the sharing of profits is considered a strong indicator or prima facie evidence that a partnership exists.

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