In Which One of the Following Situations Will a Court

question 116

Multiple Choice

In which one of the following situations will a court find that a partnership exists?

• A)Joe sells his business to Harry for $10 000 for the assets and a further $20 000 for goodwill,the goodwill portion to be paid at a rate of 20% of the profits from the business until paid.
• B)Joe is a partner in a shoe store and sells his share of the business to Harry without the consent of his partner.
• C)Joe and Mary promote several dances at school and split the profits.
• D)Joe,a partner in a law firm,dies and Joe's widow takes over Joe's share of the profits.
• E)Joe and Mary,while attending university,purchase a house and share the profits from the rent after deducting expenses.

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Definitions:

Oral Contraceptives

A method of birth control in pill form that is taken orally to prevent pregnancy, typically by altering hormone levels to prevent ovulation.

Abortion Procedure

A medical or surgical intervention carried out to terminate a pregnancy.

Intrauterine Devices

Long-term, reversible methods of contraception that a healthcare provider inserts into the uterus to prevent pregnancy.

IUDs

Intrauterine devices, a form of long-term birth control placed inside the uterus to prevent pregnancy.