Broker Davis, broker Ben and broke her bone for me partnership that the partnership buys, develops and sells land the sales associate Jerry becomes an equal partner in the firm.a sale is made resulting in a $40,000 profit.which statement is correct?
A. The partnership is illegal unless Jerry becomes broker
B. The partnership agreement must be filed with the Secretary of State.
C. The profits may be divided equally
D. Jerry cannot receive any portion of the profits
Answer: C. The profits may be divided equally
Business
You might also like to view...
A $20,000, 3-month, 8% note is dated June 1, 2016. The maturity date and maturity value of the note are, respectively:
Select one: A. August 29, 2016; $20,400 B. September 1, 2016; $400 C. August 29, 2016; $20,000 D. September 1, 2016; $20,400
Business
The finance section of a marketing plan is part of the marketing mix
Indicate whether the statement is true or false
Business