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Mika and Sarah share in the purchase of a taxicab, and agree to share in the expenses and maintenance of the taxicab. Each will drive
Mika and Sarah share in the purchase of a taxicab, and agree to share in the expenses and maintenance of the taxicab. Each will drive 12 hour shifts Monday through Friday and they will alternate every other weekend having use of the cab. Whatever money is made during each person's shift is their own. Have Mike and Sarah entered into a partnership? Explain your reasoning. (2,5 points) There is the entity concept of partnerships and the aggregate concept of partnerships. Which do you think is the dominant form? Please explain your reasoning. (2.5 points)
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