The Sharing of Gross Returns Shows No Significant Evidence of a Partnership

question 53

True/False

The sharing of gross returns shows no significant evidence of a partnership.

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Definitions:

Enforceable Agreement

A legally binding contract that can be upheld and compelled by law in a court of justice.

Earnest

Serious in intention, purpose, or effort; sincerely zealous.

Sale of Goods Act

Legislation that regulates the sale of goods, ensuring rights, obligations, and remedies in commercial transactions, making sure products sold are as advertised and fit for purpose.