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Contracts Act · s 193
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Contracts Act · s 193
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
A loan to a person engaged, or about to engage, in any trade or undertaking, upon a contract with such person that the lender shall receive interest at a rate varying with the profits, or that he shall receive a share of the profits, does not, of itself, constitute the lender a partner, or render him responsible as such.