Which of the following is incorrect with respect to the creation of a partnership?
A) The business activity must be continuing in order for it to indicate the existence of a partnership.
B) The duties and obligations of partners to each other can be modified by agreement.
C) An important indication as to whether a partnership exists is the sharing of the profits of the business activity.
D) A partnership can only be created with the consent of the parties.
E) The common method of creating a partnership is by agreement.
Correct Answer:
Verified
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