Max has been sued for $20,000 as a partner with Jim Nogoode. Which of the following is false with regard to determining whether or not a person is a partner?
A) Co-ownership of a property does not in itself raise a presumption of partnership.
B) If no profit was made in the business, Max would not be a partner.
C) Sharing gross revenues of a business does not in itself raise a presumption of partnership.
D) Sharing of profits is evidence of the existence of a partnership.
E) The legal relationship of partnership requires that two or more persons carry on business in common with a view to profit
Correct Answer:
Verified
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