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21. Han and Leia form Millennium Airways a general partnership. The essential elements of this partnership do not include a. Goodwill b. A sharing of

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21. Han and Leia form Millennium Airways a general partnership. The essential elements of this partnership do not include a. Goodwill b. A sharing of profits and losses c. an equal right to management if business d. A joint ownership of business 23. Fact Pattern 37.1 Chani starts up Vegetarian Delights to serve and sell yummy vegetarian soups and salads Chani leases space in an office building owned by Gila. The lease requires a base rent of $1,250, plus 10 percent of Vegetarian Delight's profits, each month. The term is two years, Chani hires Alira to take and fill customer orders at an hourly wage of S15.00, plus tips Refer to Fact Pattern 37-1. Chani and Gila are a. Not partners, because the lease includes "base rent" . Not partners, because Gila does not have an ownership interest of management rights in Vegetarian Delights c.not partners, because the rent includes only 10 percent of the profits d. Partners in a partnership for two years 24. Fact Pattern 37.1 Chani starts up Vegetarian Delights to serve and sell yummy vegetarian soups and salads Chani leases space in an office building owned by Gila. The lease requires a base rent of $1.250, plus 10 percent of Vegetarian Delight's profits, each month. The term is two years. Chani hires Aliza to take and fill customer orders at an hourly wage of $15.00, plus tips Refer to Fact Pattern 37-1. Chani and Aliza are a. Not partners, because the pay includes only 10 percent of the profits. b. Partners in a partnership c. Not partners, because alira does not have and ownership interest of management rights in Vegetarian Delights d. Not partners, because the pay includes an hourly wage 25. Gemma and Hogan agree while talking on the phone to from a partnership to enter into business of real property management. To be enforceable under the Statute of Frauds, their agreement must a. Be filed in the appropriate state office b. Be signed by a notary public c. Not involve a third party d. Be in writing 26. Novah and Jared do business as Land Options, a real estate investment partnership. In acting on the firm's behalf in a deal with Village Mall, Navah takes advantage of an opportunity to make a secret profit on her own behalf. To her firm, Navah is liable for a. Breach of the duty of loyalty b. Breach of the duty of care c. Breach of contract d Nothing

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