Two Students Agree to Run Saturday Dances and to Split

question 3

Multiple Choice

Two students agree to run Saturday dances and to split whatever money they make. There is absolutely no talk of partnership. Which of the following is TRUE?

• A)The students are not partners because they did not agree to be partners.
• B)The students are not partners because they do not have a written partnership agreement.
• C)The students are partners because they agreed to share profits.
• D)The students are partners because every business agreement between two people creates a partnership.
• E)The students are not partners because one of the indicia of partnership is missing.

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Definitions:

Endorphins

Natural chemicals produced in the brain that act as painkillers and are associated with feelings of pleasure and euphoria.

Psychoactive Drugs

Substances that alter brain function, resulting in temporary changes in perception, mood, consciousness, and behavior.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, reduced muscle activity, and inhibition of nearly all voluntary muscles during rapid eye movement (REM) sleep.

Appetite

The natural desire to satisfy bodily needs for food, influenced by psychological, physiological, and environmental factors.