9. Co-ownership and partnership distinguished.

Joint tenancy, tenancy in common, joint property, common property or part ownership does not, of itself, create a partnership between the co-owners as to anything so held or owned, whether or not they share any profits made by the use of it1. Whether co-owners are also partners is a question of fact and law. The mode in which the property has been dealt with and divided and the way in which it and any consequent proceeds and income have been treated in the books may well prove important, because persons who are only co-owners keep books on a different