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A and B Have Decided to Carry on a Business

Question 17

Multiple Choice

A and B have decided to carry on a business in partnership in Ontario,and A has his lawyer prepare a detailed partnership agreement setting out their respective rights and obligations.However,at the last minute,B refuses to sign the agreement and A,who trusts B,decides that the agreement is unnecessary.In this case,the partnership will be governed by


A) the law of contract.
B) the terms of the partnership agreement.
C) the Partnership Act.
D) the Business Names Act.
E) the principles of equity.

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