A Partnership Agreement Is

A partnership agreement is

A) The legal relationship among the partners whereby each partner is an agent of the partnership and is able to bind the partnership to contracts within the apparent scope of the partnership's business
B) The agreement between partners that sets forth the terms under which the affairs of a partnership will be conducted
C) The legal relationship among general partners of a partnership that makes each general partner responsible for paying all the debts of the partnership if the other partners are unable to pay their shares
D) The agreement that protects all the partners of a partnership from unlimited liability for the partnership debts
E) An unincorporated association of two or more persons to carry on a business for profit as co-owners