A partnership agreement generally contains all of the following EXCEPT
A) the names and capital contributions of all the partners.
B) the expected life of the partnership.
C) the rights and duties of all partners.
D) the basis for sharing profit or loss among the partners.

Question

Quizplus · Accepted Answer

The expected life of the partnership is not a typical requirement for a partnership agreement. While such agreements often detail the roles, contributions, and profit-sharing mechanisms among partners, they do not necessarily specify the partnership's expected duration.

A Partnership Agreement Generally Contains All of the Following EXCEPT