Refer to Fact Pattern 27-1. Abby and Carmen are
A)not partners, because Carmen does not have an ownership interest or management rights in Bowls Bistro.
B)not partners, because the lease includes a “base rental.”
C)not partners, because the rent includes only 10 percent of the profits.
D)partners in a partnership for two years.

Question

Quizplus · Accepted Answer

Carmen does not have an ownership interest or management rights in Bowls Bistro, which are essential elements for a partnership.