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Question
Fact Pattern 36-1Dean starts up E-Sites, an Internet service, and leases office space in a building owned by Fred. The lease requires Dean to pay Fred a base rental of $250, plus 10 percent of E-Sites' profits, each month. The term is two years. Dean hires Gina to work at E-Sites' tech support desk at an hourly wage of $9.00, plus a commission of 10 percent of the profits. The term is also two years.Refer to Fact Pattern 36-1. Dean and Fred are
a. not partners, because Fred does not have an ownership interest or management rights in E-Sites.
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.
Answer
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