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10 September, 22:24

Abby starts up Bowls Bistro to serve and sell soups for workday lunches. Abby leases space in an office building owned by Carmen. The lease requires Abby to pay Carmen a base rental of $1,250, plus 10 percent of Bowls Bistro's profits, each month. The term is two years.

Abby hires Devin to take and fill customers' orders at an hourly wage of $15.00, plus tips. 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.

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Answers (1)
  1. 11 September, 00:37
    0
    Correct option is A.

    Not partners, because Carmen does not have an ownership interest or management rights in Bowls Bistro.

    Explanation:

    Because he has no managerial or ownership rights, That's why they are not partners in the given scenario.
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