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What is Tocao vs. Court of Appeals: Partnership Dispute about?

Marjorie Tocao, William Belo, and Nenita Anay agreed to an oral joint venture to import and distribute kitchen cookwares. While not written, the Supreme Court upheld it as a valid partnership since the requirements of contributing money/property/industry to a common fund and intention to divide profits were met. Anay contributed her marketing expertise. While registered as Tocao

Author

Patricia Sanchez

Language

EN