Arlo Works for a Gardening Service

question 12

True/False

Arlo works for a gardening service.At the end of each month,he receives $500 plus a share of the profits.Arlo has never invested any money in the business and does not participate and has no right to participate in managing the business or own any of the equipment used.He has never agreed to be responsible for losses.He does whatever work is asked of him.Arlo is not a partner in the gardening business.

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Definitions:

Present

The current moment or period of time; also refers to formally introducing or making something known.

Check

A check is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or the person or entity whose name is written on the check.

Drawer

In financial contexts, refers to the person who writes or issues a cheque or draft instructing the bank to pay a specific amount of money.

Draft

An order or bill of exchange instructing the payment of a specified sum of money from one party to another, often used in international trade.