Questions
MCD2070 - T3 - 2025 Partnership Quiz
Single choice
What is the key issue in the case of Ferguson v FCT?
Options
A.a. A single venture can satisfy ‘carrying on a business’ in certain circumstances
B.b. Mutuality of rights, and not the words used, will determine whether a partnership exists
C.c. A business is carried on in a ‘business-like manner’
D.d. To be carrying on a business in common, the parties must be engaged in the same business.
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Step-by-Step Analysis
Question: What is the key issue in the case of Ferguson v FCT?
Select one:
a. A single venture can satisfy ‘carrying on a business’ in certain circumstances
b. Mutuality of rights, and not the words used, will determine whether a partnership exists
c. A business is carried on in a ‘business-like manner’
d. To be carrying on a business in common, the parties must be engaged in the same business.
Option a: This statement reflects the nuanced principle from Ferguson v FCT, where courts have recognized that carrying on a bu......Login to view full explanationLog in for full answers
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