Fact Pattern 29-1Abby starts up Bowls to serve and sell soups for workday lunches. Abby leases space in an office building owned by Carmen. The lease requires Abby to pay Carmen a base rental of $1,250, plus 10 percent of Bowls' profits, each month. The term is two years. Abby hires Deja to take and fill customers' orders at an hourly wage of $12.50, plus tips.
-Refer to Fact Pattern 29-1.Abby and Deja are
A) not partners, because Deja does not have an ownership interest or management rights in Bowls.
B) not partners, because the pay includes an hourly wage.
C) not partners, because the pay includes only 10 percent of the profits.
D) partners in a partnership.
Correct Answer:
Verified
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