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QUESTION 7 Which of the following would be the most convincing evidence of a partnership? a. An agreement to pay a firm manager a percentage

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QUESTION 7 Which of the following would be the most convincing evidence of a partnership? a. An agreement to pay a firm manager a percentage of the profits for his salary b. Agreements to share gross returns Oc. An agreement to share in the management of a business d. An agreement to share losses QUESTION 8 A partner who has no right to participate in control of the business and who has limited liability is a: a nominal partner b.general partner. c. secret partner d. limited partner QUESTION 9 Tori and Margaret agree to form a partnership. The partnership contract between Tori and Margaret does not have to be in writing in order to be enforceable in the courts. True False

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