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Question
Two friends, Ajay and Sameer, jointly own a property but do not run a business with it. Can this arrangement be considered a partnership?
Options
Yes, because they jointly own a property.
No, because they are not running a business.
Yes, if they share the rental income equally.
No, because partnership must involve more than two people.
MCQ
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Solution
No, because they are not running a business.
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