Distribution of profits for any purpose is considered to be evidence that a partnership exists.
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Q51: General partners are personally liable for partnership
Q52: Whenever a person participates in the management
Q53: A partnership agreement provision that differs from
Q54: When a new partner joins an existing
Q55: Partnerships can be formed without any formalities,and
Q57: If a partnership agreement specifies how losses
Q58: A partner who supplies sixty percent of
Q59: In the absence of an agreement to
Q60: Partners are jointly and severally liable for
Q61: Limited partners invest capital,manage the business,and are
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