Fact Pattern 3-1 Ann Starts Up Bowls Bistro to Serve and Sell Soups

question 22

Multiple Choice

Fact Pattern 3-1
Ann starts up Bowls Bistro to serve and sell soups and salads. Ann leases space in an office building owned by Carly. The lease requires a base rent of $1,250, plus 10 percent of Bowls Bistro's profits, each month. The term is two years. Ann hires Demi to take and fill customers' orders at an hourly wage of $15.00, plus tips.
-Refer to Fact Pattern 3-1.Ann and Carly are

• A) ​not partners, because Carly does not have an ownership interest or management rights in Bowls Bistro.
• B) ​not partners, because the lease includes "base rent."
• C) ​not partners, because the rent includes only 10 percent of the profits.
• D) ​partners in a partnership for two years.

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