Tom,Lori,Joseph,and Carol agree to do business together,but haven't agreed on anything about profits.The group appoints Tom as 'leader.' A court would consider Tom's appointment by itself as clear evidence of a partnership.

Question

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The mere appointment of a 'leader' among a group does not establish a partnership without an agreement on sharing profits or engaging in business activities as co-owners.

Tom,Lori,Joseph,and Carol Agree to Do Business Together,but Haven't Agreed on Anything