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Harold and Zack Have Pooled Their Money Together to Buy

Question 23

Multiple Choice

Harold and Zack have pooled their money together to buy real estate but have filed no formal papers to form a business.Harold,a lawyer,handles all the legal matters and Zack,a real estate broker,finds buyers for the property they have subdivided.Harold and Zack are engaged in a:


A) partnership.
B) close corporation.
C) joint venture.
D) business trust.

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