Operate an espresso stand-splitting the profits

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Tony and Tina are twins. They operate an espresso stand, splitting the profits and losses 70/30. Tina gets the larger share because the espresso stand was her idea, and she works more hours there. Tina consults Tony before making any major business decisions, but she takes care of the bookkeeping and other managerial tasks without help. Tina wants to close the espresso stand, but Tony doesn’t want to. Tina sues. If none of the terms of their agreement are in writing, the court will treat Tony and Tina’s business relationship as: A. A partnership. B. A cooperative. C. An employer/employee relationship, with Tina being the employer of Tony. D. Legally nonexistent – they have a familial relationship but not a business one.

Reference no: EM13969491

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