Which of the following will establish the existence of a partnership?
A) The beneficiary of a deceased partner takes that partner's share of the income from the partnership.
B) A debt is repaid by the creditor taking a share of the profits.
C) An employee receives a profit-sharing bonus.
D) The good will portion of the sale of a business is repaid by a share of the profits.
E) The parties intend to share the expenses of the business.
Correct Answer:
Verified
Q76: Chuck, Howard, and Ben decide to go
Q77: Three students in a business faculty created
Q78: Paul and Laurie both worked at the
Q79: Joe Smith owns a book store as
Q80: Adams was approached by a Mr. McCarthy
Q83: Which of the following is correct with
Q96: It is possible for a principal to
Q104: When an agent acts beyond the specific
Q107: Apparent authority is the authority the agent
Q114: The ratification of a contract by the
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