Raven and Dita operate Read4Life,a reading tutor service.They have pooled their resources and are carrying on business together with the hope of turning a profit.In law,how is their business relationship characterized?
A) limited partnership
B) sole proprietors
C) general partnership
D) joint venture

Question

Quizplus · Accepted Answer

Raven and Dita's business relationship is characterized as a general partnership because they are carrying on a business together with the intention of making a profit, without any formal structure like a corporation or limited partnership.

Raven and Dita Operate Read4Life,a Reading Tutor Service