No Inference of the Existence of a General Partnership Is

question 101

True/False

No inference of the existence of a general partnership is drawn if profits are received in payment of interest owed on a loan.

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Definitions:

Calculated

Done with full awareness or intentionality, often involving mathematical or strategic planning.

Microsystems

The immediate environments (such as family, school, and peer group) in which individuals interact directly and which influence their development.

Mesosystems

In ecological systems theory, the interaction between two or more settings that the developing person actively participates in, such as the connection between family experiences and school life.

Exosystems

A layer in Bronfenbrenner's ecological systems theory referring to settings that indirectly influence an individual, such as parents' workplaces.