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The Titanic Partnership's Loan from Big Bank Is Structured So

Question 38

Multiple Choice

The Titanic Partnership's loan from Big Bank is structured so that payments on the loan are made out of profits and the amounts of the payments vary according to profitability.Which of these best describes this arrangement?


A) This is evidence of a partnership between Titanic and Big Bank;additional evidence may overcome this assumption.
B) This is conclusive evidence of a partnership between Titanic and Big Bank.
C) This may be evidence of a partnership between Titanic and Big Bank.
D) This is not evidence of a partnership between Titanic and Big Bank.

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