10. Co-owners of land.

Co-owners of land who merely share the expenses of management and divide the income arising from their land in specified shares are not thereby constituted partners1. Nor is it a partnership if two co-owners agree that one is to manage and provide funds for the repair of a house, and that the net rent is to be divided between them equally2.

If, however, co-owners use their land or other property for the purpose of carrying on any business, they are partners as regards the business3, and prima facie, although not necessarily4, also as regards the property employed5. Thus, if land

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