Question
In which one of the following situations will court find that a partnership exists. A) Joe sells his business to Harry for $10,000 for the
In which one of the following situations will court find that a partnership exists. A) Joe sells his business to Harry for $10,000 for the assets and a further $20,000 for goodwill, the goodwill portion to be paid at a rate of 20% of the profits from the business until paid. B) Joe is a partner in a shoe store and sells his share of the business to Harry without the consent of his partner. C) Joe and Mary promote several dances at school and split the profits. D) Joe , a partner in a law firm , dies and Joe's widow take over Joe's share of the profits. E) Joe and Mary , while attending university , purchase a house and share the profits from the rent after deducting expenses.
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