Question: Roman law problem question supervision 7
Answer: The situation in question involves a partnership between Proculus and Labeo in a particular business venture, that being the setting up and running of a restaurant. The essential conditions that must be satisfied for a valid societas are that two or more parties pool their resources for a common purpose. The facts are rather vague with respect to the ways in which Labeo is contributing to the ‘common purpose’ however, it must be assumed that he will contribute to any relevant expenses (as will be discussed below) incurred by P. Therefore the essential conditions of partnership are satisfied and there is a valid contract of partnership between the parties. It must also be noted that the relative contributions of the parties in a partnership need not be equal. However, as seems to be the case on the facts, where there is no specific division of contributions it must be assumed that the...(short extract)
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- Subject: Law
- Course: Roman Law
- Level: Degree
- Year: 2nd/3rd
- Mark: Not available
- Words: 1467
- Date submitted: May 29, 2013
- Date written: Not available
- References: No
- Document type: Essay*
- Essay ID: 4820
