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Which One of the Following Situations Will Result in the Existence

Question 186

Multiple Choice

Which one of the following situations will result in the existence of a partnership? Assume no corporation has been created.


A) Joe and Mary own a house together and share the income from it.
B) Joe pays back a debt to Harry by giving Harry a percentage of the profits from his business.
C) Joe and Mary own a shoe store business together and share the profits.
D) Employees are given bonuses because of increased profits.
E) A lawyer and a real estate agent split the commission.

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