Dora and Edward are both independent psychologists specializing in family therapy.
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1.      Dora

and Edward are both independent psychologists specializing in family therapy. They meet at a conference and decide that they would like to office-share, splitting the rent and utilities (other than telephone service). Both names will appear on the door, although they will have separate telephone listings. Each will continue to control and advertise his or her own practice and keep his or her own profits. Before long, Dora decides to purchase a very expensive computer system and other office equipment, none of which will be shared with Edward. She borrows the necessary funds from Fiona, a relative. Fiona, feeling that she is doing Dora a favor, agrees to take a variable rate of interest equal to five percent of Dora's quarterly profits. Fiona insists on having a veto power over any changes in Dora's basic business plan.

Has Dora formed a partnership with Edward?

With Fiona?

Why or why not?

Is there any reason for Fiona to worry about whether she might be treated as Edward's partner?



Thanks

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