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Sue,Barb,and Carlotta Agree to Put in $1,000 Each to Set

Question 54

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Sue,Barb,and Carlotta agree to put in $1,000 each to set up a shelter for lost animals.They each work two days a week.Donations fund the day-to-day operations.Do they have a partnership?


A) Yes,since each has control of the operation
B) Yes,because they are all co-equals in ownership of the shelter
C) No,because they have made no formal agreement
D) No,because there is no business for profit

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