The sharing of profits and losses is conclusive evidence of partnership.
Correct Answer:
Verified
Q2: A creditor of an individual partner cannot
Q8: A partner is considered an employee of
Q12: Each partner is an agent of the
Q13: A partnership may occur even though the
Q14: Partnership property is only that property contributed
Q14: A majority action of partners is not
Q15: The burden of proving the existence of
Q18: Persons who are not partners under appropriate
Q31: In determining the rights of partner Dewey
Q39: The habitual drunkenness of a partner is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents