Question: Tom and Mara started working together two years ago to provide computer consulting services in their small town. They never discussed the nature of their
Tom and Mara started working together two years ago to provide computer consulting services in their small town. They never discussed the nature of their business (although Tom once stated he had no intention of being Mara's partner), but they shared all profits and decision-making. The parties have now had a falling out. Discuss whether Tom and Mara were in a partnership
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
The situation between Tom and Mara exhibits characteristics that align with a partnership even if it was not explicitly defined Here are some factors ... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
