Which of the following factors is the basis on which the Revised Uniform Partnership Act (RUPA) determines that a partnership exists?

Question

Quizplus · Accepted Answer

According to the Revised Uniform Partnership Act (RUPA), a partnership exists when there is a joint ownership of a business, which means that the partners share in the profits and losses of the business. The nationality, age, and number of partners are not determining factors in the existence of a partnership.

Which of the Following Factors Is the Basis on Which