A partnership agreement
A) must be in writing to be enforceable.
B) is governed exclusively by the terms of the Partnership Act which terms the partners cannot deviate from.
C) may be wholly oral and yet valid and enforceable.
D) must be reviewed by legal counsel retained by each partner.
E) cannot be drafted by the individual partners because many are novices and unaware of business pitfalls.
Correct Answer:
Verified
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