An essential element of a partnership is that:
A) it is a business carried out in common with a view to profit.
B) it is registered with the appropriate state and federal departments.
C) it is a business carried out as an association.
D) the partners have equal number of shares in the business.
Correct Answer:
Verified
Q8: A partnership can be created by:
A)a written
Q9: Which of the following statements is not
Q10: Which of the following are rights of
Q11: Which of the following statements is not
Q12: The statutory limit on the number of
Q14: In which of the following cases did
Q15: Which of the following is not a
Q16: Which of the following statements are true
Q17: Partnerships are based on:
A)general (common)law.
B)statute law.
C)contract law.
D)all
Q18: A partnership can be automatically dissolved (terminated)if:
A)loans
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