T v T
There was a clear agreement and understanding between the husband and RT that the farmhouse, land, and buildings were not partnership assets. The wife failed to discharge the burden of proof to show otherwise. The mere inclusion of assets in partnership accounts does not make them partnership property. Only those assets reflected in the husband's current and capital account are partnership assets for the purposes of the financial remedy proceedings.
Source excerpt
- Partnership property
- Beneficial interest
- Financial remedies on divorce
- Burden of proof
- Issue estoppel