The decision cited in support the New York Court of Appeals’ 1958 opinion in Steinbeck v Gerosa for the proposition, which I’ve seen expressed in countless cases involving disputed partner status, that “[a]n indispensable essential of a contract of partnership or joint venture, both under common law and statutory law, is a mutual promise or undertaking of the parties to share in the profits of the business and submit to the burden of making good the… [read post]