Even if the parties have no intent to form or operate as a partnership,their conduct may result in the law recognizing them as partners.

Question

Quizplus · Accepted Answer

The law recognizes a partnership when two or more individuals engage in a business for profit, share profits and losses, and have mutual agency. Even if the parties did not intend to form a partnership, their actions or conduct may still make them legally recognized as partners. Therefore, the statement is true.

Even If the Parties Have No Intent to Form or Operate