Anita is hired to manage an unincorporated dress boutique owned by Betty. The two agree that Anita will receive one-third of the net profits, which amount is to be paid to her on a monthly basis. Is Anita a partner? If the boutique has a loss instead of a profit, would Anita have to share the loss? Explain.
Compare "partnership property" with a "partner's interest." Consider such factors as the definition, the possession, the assignability, how attachment occurs, and the inheritability of each.

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The amount is to be paid is her Salary on a monthly basis a Yes anita is a partner because she is someone with whom one is in business business associate affiliate b Yes anita have to share the loss b... View the full answer