Page 422 - Important Provisions of The New Civil Code

(4) The receipt by a person of a share of the

profits of a business is prima facie evidence

that he is a partner in the business, but no

such inference shall be drawn if such profits

were received in payment:

(a) As a debt by installments or otherwise;

(b) As wages of an employee or rent to a

landlord;

(c) As an annuity to a widow or

representative of a deceased partner;

(d) As interest on a loan, though the

amount of payment vary with the profits

of the business;

(e) As the consideration for the sale of a

goodwill of a business or other property

by installments or otherwise. (n)