Dorothy Drache and Camina Burana Are Students

Multiple Choice

Dorothy Drache and Camina Burana are students. Dorothy has a portable sound system and Camina has business contacts with banquet halls. They agree to run a disc jockey business on weekends. Each will get $100 for a job they do personally and any excess profits will be split 50/50. There is no mention of a partnership, no agreement is signed, and no registration is made. Which of the following is TRUE?

A) Dorothy and Carmina are not partners because an oral partnership agreement cannot be effective.
B) Dorothy and Carmina are not partners because there is no written partnership agreement.
C) Dorothy and Carmina are not partners because they didn't register the partnership with the relevant government agency.
D) Dorothy and Carmina are partners in law
E) Dorothy and Carmina are not partners because they have not made a joint contribution of capital to the business.