An inference of the existence of a general partnership is drawn if profits are received in payment of consideration for the sale or goodwill of a business.

Name: An inference of the existence of a general partnership is drawn if profits are received in payment of consideration for the sale or goodwill of a business.
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Receiving profits as payment for the sale or goodwill of a business does not automatically infer a general partnership; it could be a different type of business arrangement.

An Inference of the Existence of a General Partnership Is