Which of the following statements is true in the creation of a general partnership?

Question

Quizplus · Accepted Answer

According to the Uniform Partnership Act, the name selected by a partnership cannot indicate that it is a corporation or include words that suggest it has a larger and different legal structure than a partnership. Therefore, option C is the correct statement about the creation of a general partnership. Option A is incorrect, as the business name can include the names of some or all of the partners but does not necessarily have to. Option B is incorrect because the business name can be a fictitious name if it is registered appropriately. Option D is also incorrect, as a partnership can operate under a trade name if it is properly registered.

Which of the Following Statements Is True in the Creation