Which of the following best describes the articles of partnership?
A)It is a written agreement of all the partners.
B)It is an unwritten agreement of the founding partners.
C)It is an implied agreement of all the partners.
D)It is a verbal agreement of the primary partners to form a partnership.

Question

Which of the following best describes the articles of partnership? ​
A)It is a written agreement of all the partners.
B)It is an unwritten agreement of the founding partners.
C)It is an implied agreement of all the partners.
D)It is a verbal agreement of the primary partners to form a partnership.

Quizplus · Accepted Answer

The articles of partnership refer to a written agreement that outlines the terms and conditions agreed upon by all partners involved in the partnership. This document typically includes details such as the distribution of profits and losses, the responsibilities of each partner, and the procedures for adding or removing partners, among other things.

Which of the Following Best Describes the Articles of Partnership