10 Questions
Which element is necessary for the formation of a partnership?
Intention to form a contract of partnership
Which of the following is NOT a basic feature of a partnership?
Separate juridical personality
What is the characteristic of a partnership that means it is formed by two or more persons creating reciprocal rights and obligations?
Bilateral
What is the purpose of a partnership agreement being consensual?
To allow for a voluntary agreement
What is the characteristic of a partnership that means it has a special name?
Nominate
Which of the following is NOT a basic feature of a partnership?
Separate juridical personality
What is the purpose of a partnership agreement being consensual?
To ensure that the partnership is voluntary
What is the characteristic of a partnership that means it is formed by two or more persons creating reciprocal rights and obligations?
Bilateral
What is the characteristic of a partnership that means it has a special name?
Nominate
Which element is necessary for the formation of a partnership?
Intention to form a contract of partnership
Test your knowledge of partnership contracts with this quiz. Learn the definition and elements of a partnership, including the contributions, intentions, and profit-sharing involved.
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