Evidence of sharing profits is prima facie evidence of partnership existence unless the profits are:
A)wages or rent.
B)not shared equally.
C)income.
D)all of the above

Question

Quizplus · Accepted Answer

Sharing of profits is one of the essential characteristics of a partnership. However, if the profits shared are in the nature of wages or rent, then it may not necessarily mean that a partnership exists. Therefore, option A is the correct choice.

Evidence of Sharing Profits Is Prima Facie Evidence of Partnership