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Early in the sixteenth century Eck, a young professor at Ingolstadt, brought the question of the legitimacy of this contract before the University of Bologna, but no formal decision was pronounced, and, had it not been for the reaction following the Reformation, the trinus contractus would probably have gained general acceptance.
The legitimacy of such a contract the trinus contractus, as it was called was maintained by Carletus in the Summa Angelica, which was published about 1476, and by Biel.
In all cases, common participation in the gains and losses of the enterprise was an essential feature of the contract of partnership. Before concluding the subject of partnership, we must make reference to the trinus contractus, which caused much discussion and great difficulty.
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