A is employed by a partnership firm entitled to the remuneration of Rs.5000 per month plus 7% on the profits of the firm if profits exceed Rs.1 lakh. Is he a partner of the firm If so, what kind of partner he is? A and B purchase a factory jointly. They purchased the equipments and other things contributing equally. They let out the factory and shared the rent equally. Is it a partnership? A and B agreed to act together in one movie and share the profits of the film with the producer of the film. Is it a partnership? A and B enter into an agreement for preparing Ahmedabad Bombay Express Highway. Is this arrangement is a partnership?
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