Multiple Choice
Usually the sharing of profits is an indication of a partnership.In which of the following situations will this be TRUE?
A) to pay the spouse of a deceased partner an annuity
B) to pay an employee as part of his or her remuneration
C) to pay the seller of a business an amount for goodwill varying with the profits
D) to repay a debt owed
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Fred is a partner in a land
Q16: Bill and Joe agreed to form a
Q17: In Ontario,in the absence of a partnership
Q18: A partnership is a business relationship between
Q19: An individual who decides to carry on
Q21: A and B have decided to carry
Q22: A partnership has no independent existence in
Q23: Which of the following is NOT true
Q24: Three men decided to form a partnership
Q25: Is a well-drafted,carefully thought-out partnership agreement a