Desserts presented to the celebrity judges in program

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Question

Candy, Sweetie and Rocky are best mates and share a passion for cooking. They are huge fans of the MasterChef program on television and draw inspiration from the many fabulous meals and desserts presented to the celebrity judges in the program. They all aspire to run their own business one day, specializing in baking scrumptious cakes and pastries. One day, after a huge sugar hit (where all three of them consumed large quantities of a decadent dessert), Candy, Sweetie and Rocky hit upon the idea of opening up their own patisserie, called 'Sugar Hit'. They orally agreed to each contribute $50,000 to the business and to share all profits and losses. Candy, Sweetie and Rocky are likely to be partners? Rocky searched for suitable premises to conduct their business. Rocky was lucky to find a cozy shop on Rocky Road (Sydney). He immediately signed a five-year lease on behalf of himself, Candy and Sweetie with the landlord, Mr Macaron, for a monthly rental of $1,500 and a commencement date of 1 July 2023. Candy and Sweetie, who also love fashion, decided to take on the task of working out the style, theme and fit-out of the patisserie. Candy and Sweetie.

Reference no: EM133575469

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