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cookant2013m cookant2013m
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2 years ago
Which one of the following statements is correct with respect to the creation of a partnership agreement?

▸ A partnership can be created only by contract.

▸ For a partnership to exist, the relationship giving rise to it must be of an ongoing business nature, not a one-time promotion.

▸ For a person to be a limited partner, there must be at least two general partners.

▸ Where two people agree to enter into a partnership, there is no partnership created unless all elements of a contract are present.

▸ A partnership can be created by an intention to share the revenues between the partners.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
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gymnasticsxogymnasticsxo
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