Fact Pattern 36-1A

question 31

Multiple Choice

Fact Pattern 36-1A
Dean starts up E-Sites, an Internet service, and leases office space in a building owned by Fred. The lease requires Dean to pay Fred a base rental of $250, plus 10 percent of E-Sites' profits, each month. The term is two years. Dean hires Gina to work at E-Sites' tech support desk at an hourly wage of $9.00, plus a commis?sion of 10 percent of the prof?its. The term is also two years.
-Refer to Fact Pattern 36-1A. Dean and Fred are

• A) not partners, because Fred does not have an ownership interest or manage?ment rights in E-Sites.
• B) not partners, because the lease includes a "base rental."
• 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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An American politician and diplomat who has served as the Secretary of State and was the Democratic Party's nominee for President of the United States in the 2004 election.