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lii lii
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2 years ago
Which one of the following statements about general partnerships is false?

▸ A partnership can exist even without a written partnership agreement.

▸ Each partner has unlimited personal liability for the debts of the partnership.

▸ A general partner can limit his liability for the firm's obligations by using the term "limited" after his name on stationery.

▸ The Partnership Act can imply contractual terms into a partnership where the partners did not expressly agree on some detail of the relationship.

▸ Partnership is the relationship that exists between persons carrying on business together with a view to making a profit.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
Author:
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mikey3091mikey3091
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2 years ago
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2 years ago
Thank you, thank you, thank you!
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