Law

Textbook:

  • Anderson’s Business Law and the Legal Environment. Comprehensive Volume. 23rd Edition · Jennings/Twomey.
Question:

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  • Business Law

Brenner was in the scrap iron business. Almost daily, Plitt lent Brenner money with which to purchase scrap iron. The agreement of the parties was that when the scrap was sold, Plitt would be repaid and would receive an additional sum as compensation for making the loans. The loans were to be repaid in any case without regard to whether Brenner made a profit. A dispute arose over the nature of the relationship between the two men. Plitt claimed that it was a joint venture. Decide. [ Brenner v. Plitt, 34 A.2d 853 (Md.)]

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