Anne is hired to manage an unincorporated dress boutique owned by Betty.The two agree that Anne will receive one-third of the net profits, which amount is to be paid to her on a monthly basis.Is Anne a partner? If the boutique has a loss instead of a profit, would Anne have to share the loss? Explain.

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The Answer of Anne is hired to manage an unincorporated dress boutique owned by Betty.The two agree that Anne will receive one-third of the net profits, which amount is to be paid to her on a monthly basis.Is Anne a partner? If the boutique has a loss instead of a profit, would Anne have to share the loss? Explain.

Anne Is Hired to Manage an Unincorporated Dress Boutique Owned