Which of the following would satisfy the RUPA's "for profit" requirement?
A)An endeavor carried on by several people for nonprofit objectives
B)An endeavor carried on by several people for charitable objectives
C)An enterprise suffered losses,yet the owners intended to make a profit
D)An enterprise made a profit,yet the owners intended to only break even

Question

Quizplus · Accepted Answer

The owners of an enterprise must intend to make a profit to create a partnership.If the enterprise suffers losses,yet the owners intend to make a profit,a partnership may result.When an endeavor is carried on by several people for charitable or other nonprofit objectives,it is not a partnership.

Which of the Following Would Satisfy the RUPA's "For Profit