15. Sharing profits and losses.

15.     Sharing profits and losses.

If losses as well as profits are shared, the presumption of partnership is stronger1. This is so even if the agreement stipulates that each party is to bear only an aliquot share of loss2. The fact that losses are shared is not, however, conclusive as to the existence of a partnership3.

There is no joint ownership, and no partnership, where each of several joint adventurers supplies separate parcels of goods which are to be sold, and the profits are divided rateably among them4, or where one