An inference of the existence of a general partnership is drawn in cases where profits are received in payment of wages owed to an employee.
Correct Answer:
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Q50: Which of the following is true of
Q51: Receipt of a share of business profits
Q52: The term indemnification refers to the right
Q53: A general partnership cannot operate under the
Q54: _ refers to the right of a
Q56: Flow-through taxation is the federal income tax
Q57: General partnerships do not pay federal income
Q58: The right to share in the profits
Q59: The name selected by a general partnership
Q60: Competing with the partnership without the permission
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