Which One of the Following Situations Will Result in a Partnership

question 77

Multiple Choice

Which one of the following situations will result in a partnership existing? Assume that no corporation has been created.

• A)Joe and Mary own a house together and share the income from it.
• B)A lawyer and a real estate agent split a commission.
• C)Employees are given bonuses because of increased profits.
• D)Joe pays back a debt to Harry by giving Harry a percentage of the profits from his business.
• E)Joe and Mary own a shoe store together and share the profits.

---

Definitions:

Nonpolar Covalent

A type of chemical bond where two atoms share a pair of electrons with each other equally.

Polar Covalent

A type of chemical bond where electrons are unequally shared between atoms, resulting in a molecule with an unequal distribution of charge.

Ionic Bond

Chemical bond that is formed when one atom loses an electron and another accepts that electron.

Inorganic Chemists

Scientists who specialize in the study of inorganic compounds, including metals, minerals, and organometallics.