Luke and Aldith Are Thinking About Setting Up a Partnership

question 29

Essay

Luke and Aldith are thinking about setting up a partnership to carry on a consulting business, but want to spend as little as possible.They have agreed that they will share profits and losses equally.Do they need a partnership agreement?

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Definitions:

Weather Forecaster

A professional who analyzes weather data and patterns to predict future weather conditions in specific areas.

Thunderstorms

A type of storm characterized by the presence of lightning and thunder, often accompanied by heavy rain and strong winds.

Empirical Probability

Probability calculated based on the frequency of events occurring during an experiment or observed data.

Ace of Spades

A playing card that is traditionally considered the highest card in the deck of playing cards, especially in games involving the spade suit as trump.