The existence of a partnership is to be determined from what the parties do rather than what the parties call themselves.

Name: The existence of a partnership is to be determined from what the parties do rather than what the parties call themselves.
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Quizplus · Accepted Answer

This statement is true. The legal definition of a partnership is based on the actions and operations of the parties involved, rather than just the name they give themselves. This is important for determining legal and tax obligations for partnerships.

The Existence of a Partnership Is to Be Determined from What