Michelle and Margaret agree to form a partnership.The partnership contract between Michelle and Margaret does not have to be in writing in order to be enforceable in the courts.
Correct Answer:
Verified
Q2: Under the RUPA,no person may become a
Q10: All 50 states have adopted the Revised
Q11: Partners may elect to have the partnership
Q12: A person who receives a share of
Q12: A partner cannot assign his interest in
Q14: A general partnership may be formed for
Q15: Sharing of gross returns establishes a partnership.
Q16: A partnership name may be the name
Q21: The choice of the most appropriate form
Q38: Income from some types of business entities
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