Multiple choice

Which of the following relationships forms ___partnership?

  1. a money lender sharing a part of profits in addition to interest.

  2. an agent getting a share in addition to his commission.

  3. widow of a partner getting annuity from firm.

  4. sharing of profits between two college friends carrying a part time business.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

It does not matter whether the business is part time or full time. The sharing of profits constitutes an element of partnership. All others are though getting a part of profits, but are not partners.

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