Partnership Contract Quiz
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Questions and Answers

Which element is necessary for the formation of a partnership?

  • Separate juridical personality
  • Intention to form a contract of partnership (correct)
  • Participation in both profits and losses
  • Community of interests

Which of the following is NOT a basic feature of a partnership?

  • Mutual contribution to a common fund
  • Separate juridical personality (correct)
  • Association for profit
  • Voluntary agreement

What is the characteristic of a partnership that means it is formed by two or more persons creating reciprocal rights and obligations?

  • Nominate
  • Bilateral (correct)
  • Preparatory
  • Consensual

What is the purpose of a partnership agreement being consensual?

<p>To allow for a voluntary agreement (B)</p> Signup and view all the answers

What is the characteristic of a partnership that means it has a special name?

<p>Nominate (D)</p> Signup and view all the answers

Which of the following is NOT a basic feature of a partnership?

<p>Separate juridical personality (D)</p> Signup and view all the answers

What is the purpose of a partnership agreement being consensual?

<p>To ensure that the partnership is voluntary (D)</p> Signup and view all the answers

What is the characteristic of a partnership that means it is formed by two or more persons creating reciprocal rights and obligations?

<p>Bilateral (D)</p> Signup and view all the answers

What is the characteristic of a partnership that means it has a special name?

<p>Nominate (D)</p> Signup and view all the answers

Which element is necessary for the formation of a partnership?

<p>Intention to form a contract of partnership (C)</p> Signup and view all the answers

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