Question on partnership act 1961 After graduating from university, Nazir and Omar decided to go into business together.

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Question On Partnership Act 1961 After Graduating From University Nazir And Omar Decided To Go Into Business Together 1 (54.55 KiB) Viewed 37 times

Question on partnership act 1961 After graduating from university, Nazir and Omar decided to go into business together. They converted a building owned by Nazir into ballrooms and function halls. These rooms are rented out for seminars, weddings, parties and other similar events. Omar contributed RM50.000 to the business and does all the paperwork for the business. Nazir does not involve himself in the business at all but recommends the ballrooms to all his friends and relatives. A year later, Nazir and Omar divided the profit of the business equally between them. Discuss whether a valid partnership exists between Nazir and Omar. List the section include.