Multiple Choice
Abby starts up Bowls Bistro to serve and sell soups for workday lunches. Abby leases space in an office building owned by Carmen. The lease requires Abby to pay Carmen a base rental of $1,250,plus 10 percent of Bowls Bistro's profits,each month. The term is two years. Abby hires Devin to take and fill customers' orders at an hourly wage of $15.00,plus tips.
-Abby and Carmen are
A) not partners,because Carmen does not have an ownership interest or management rights in Bowls Bistro.
B) not partners,because the lease includes a "base rental."
C) not partners,because the rent includes only 10 percent of the profits.
D) partners in a partnership for two years.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: The intent to associate is a key
Q17: In winding up a general partnership, creditors
Q23: Emily is one of three partners in
Q26: A partner is liable for honest errors
Q27: A sharing of profits from a business
Q30: A third party can sue one of
Q31: Kristin and Lindsey are partners in Mobile
Q34: The Uniform Partnership Act governs the operation
Q36: On dissolution,the creditors of the partnership,but not
Q56: Under some circumstances a non-partner can be