Jisoo, Rose and Lisa have contributed RM20,000.00 each to a fund. The fund will finance their business
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Question:
Jisoo, Rose and Lisa have contributed RM20,000.00 each to a fund. The fund will finance their business activities. Jisoo is interested in setting up a bridal boutique, Rose would like to start an electrical shop and Lisa is keen on opening a bookshop. Which of the following statements is CORRECT?
Select one:
a. Jisoo, Rose and Lisa are partners because they have contributed to the business fund.
b. Jisoo, Rose and Lisa are not partners because they are not carrying business in common.
c. Jisoo, Rose and Lisa are not partners because they have not entered written agreement.
d. Jisoo, Rose and Lisa are partners because they are best friends.
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