Katy and Perry decide to establish a bakery business called Exquisite Buns. Katy is a trained baker, while Perry has some accounting skills. Due to renovation costs to the leased shopfront, they had to borrow $50000 from Laurence, a very experienced businessman by themselves. At first, business thrives due to Laurence's expert guidance. Then Katy orders very expensive baking trays and a commercial refrigerator from Kitchen Supplies. Is the relationship between Laurence, perry and Katy a partnership. Explain reasoning