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OlavstartsPowerCellstomakeandsellbatteries.Later,OlavcontractswithQuinntoinvestadditionalcapitalinthefirminexchangefor25percentoftheprofits.OlavandQuinnagreethatOlavwillcontinuetocontrolthe business.OlavandQuinnarenotpartnersinPowerCellsbecause a.theydonotsharetheprofitsequally. b.theiragreementdoesnotprovideforthesharingoflosses. c.OlavstartedthefirmbeforeQuinnagreedtoinvestadditionalcapital. d.theydonothavejointcontroloverthebusiness

OlavstartsPowerCellstomakeandsellbatteries.Later,OlavcontractswithQuinntoinvestadditionalcapitalinthefirminexchangefor25percentoftheprofits.OlavandQuinnagreethatOlavwillcontinuetocontrolthe business.OlavandQuinnarenotpartnersinPowerCellsbecause

a.theydonotsharetheprofitsequally. b.theiragreementdoesnotprovideforthesharingoflosses. c.OlavstartedthefirmbeforeQuinnagreedtoinvestadditionalcapital. d.theydonothavejointcontroloverthebusiness

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