Which of the following statements is correct with respect to the Canadian Partnership Act?
A) The Partnership Act always overrides any provisions contrary to it set out by the partners in the partnership agreement.
B) The Partnership Act is enacted by the federal government and creates a uniform and cohesive system of partnership law for all of Canada.
C) The Partnership Act states clearly that a partnership is only created by specific agreement between the partners to that effect.
D) The Partnership Act sets out provisions that will govern the relations between the partners unless those partners have agreed otherwise.
E) When in conflict, the terms of the federal Partnership Act overrides the provincial partnership acts.
Correct Answer:
Verified
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