It is possible to become someone's partner without intending to or even realizing that partnership has been created.
Correct Answer:
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Q7: All states have adopted the Revised UPA.
Q8: If a person receives a share of
Q9: No agreement is necessary to form a
Q10: The Uniform Partnership Act (UPA) and the
Q11: Partnerships are not taxable entities and so
Q13: The UPA allows partnerships to own property.
Q14: A corporation can never be a partner
Q15: Corporations cannot be partners in partnerships.
Q16: Partnership law permits an investor to put
Q17: Non-registration of the partnership name will violate
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