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a. In which ways can a partnership be formed? Can you provide a real world case
involving partnership formation, operation or dissolution? What were the Issue, Rule, Analysis
and Conclusion by the court in the case? Do you agree or disagree, why or why not. Discuss.
A partnership may be formed by a verbal agreement and stand in law, but a written
agreement is the only safe one, and the one who neglects it will doubtless have reason to regret it
later. The parties may agree as they please as to sharing profits or losses, but in the absence of
writing to prove the contrary the law will assume that partners share profits and losses equally.
The articles of agreement should be drawn up with special care in writing the details of
conditions, liabilities and proportionate share of profits or loss fully stated.
Example of partnership case: Eduardo Saverin and Mark Zuckerberg/Facebook
