Joint ownership of property does not in and of itself create a partnership.

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Quizplus · Accepted Answer

Joint ownership is a common way of holding property jointly with others, but it does not necessarily create a partnership. Partnerships require a mutual agreement between parties to operate a business for profit, share in the profits and losses, and have some degree of control over the business operations. Joint ownership, on the other hand, can simply mean that multiple individuals hold an interest in the property and can have varying degrees of ownership and control over it.

Joint Ownership of Property Does Not in and of Itself