11. Joint adventure.

If two persons jointly export their individual goods for sale as a joint adventure, dividing the profits of the transaction in specified shares, there is no partnership as regards the separate parcel of goods provided by each until they are brought into the common stock1. Conversely, if they are jointly concerned in the purchase, they are not partners unless they are also jointly concerned in the future sale2. Where, however, they agree to embark in a joint adventure for the purchase and sale of goods, there is a partnership as regards all the goods bought in pursuance of the