Which of the Following Will Establish the Existence of a Partnership

question 62

Multiple Choice

Which of the following will establish the existence of a partnership?

• A) The beneficiary of a deceased partner takes that partner's share of the income from the partnership.
• B) A debt is repaid by the creditor taking a share of the profits.
• C) An employee receives a profit-sharing bonus.
• D) The good will portion of the sale of a business is repaid by a share of the profits.
• E) The parties intend to share the expenses of the business.

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Definitions:

Projective Tests

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The theory proposing that an individual's behavior is both influenced by and influences their personal factors and the environment.