Which of the Following Is True Regarding Sandra's Statement That

Which of the following is true regarding Sandra's statement that a written agreement is not necessary to set up a partnership?

A) She is correct.
B) She is correct but only because three or fewer members are involved.
C) She is incorrect but only because fewer than five members are involved.
D) She is correct only if all partners are considered sophisticated investors.
E) She is incorrect only if none of the partners have experience with the partnership form of business.