Question

N and Z, the co-owners of a house, use the house as a hotel managed either by themselves or by a duly appointed manager for their common profit. Is there a partnership relation between the parties?

• A. Yes
• B. No
• C. Partly yes
• D. Can't say

Answer 1

The correct option is B No

If N and Z, the co-owners of the house, use the house for hotel management purpose then it will not be considered as any partnership relation because there is no contract between them in any manner, either it is verbal or written regarding the partnership agreement.