Which one of the following situations will result in a partnership existing? Assume no corporation has been created.
A) Joe and Mary own a house together and share the income from it.
B) Joe pays back a debt to Harry by giving Harry a percentage of the profits from his business.
C) Joe and Mary own a shoe store business together and share the profits.
D) Employees are given bonuses because of increased profits.
E) A lawyer and a real estate agent split the commission.
Correct Answer:
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