What does the sharing of gross returns in a business undertaking mean?
A) Conclusive evidence of partnership.
B) Prima facie evidence of partnership.
C) Does not establish a partnership whether or not the persons sharing them have a joint or common right in any property upon which the returns are derive
Correct Answer:
Verified
Q3: A leased his house & lot to
Q4: A contract of lease was entered into
Q5: A is the owner of a parcel
Q6: A leased his house and lot to
Q7: A partnership begins from:
A)The moment of the
Q9: A, B and C formed a partnership
Q10: A, B and C are the partners.
Q11: When may a partner who was appointed
Q12: If a partnership has a capital of
Q13: In connection with the rule of mutual
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