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Kovacik v. Reed
Citation:49 Cal.2d 166
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Plaintiff and Defendant formed a partnership agreeing that Plaintiff would contribute $10,000 and Defendant would contribute the labor and perform as the acting superintendent of the projects without any compensation. Once the two began to lose money, Plaintiff asked Defendant to cover half of the losses. Defendant refused to pay and Plaintiff filed suit to recover. The lower court held that the partners agreed to share in the profits and losses equally making Defendant liable for half of the losses. Defendant appeals.
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