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.

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Stability And Change

Concepts in psychology and other fields exploring the dynamics between constants and transformations within individuals and societies over time.

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The process of growth or progression through a series of changes, often referring to physical, psychological, or social evolution.

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