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Questions and Answers
Which of the following is NOT a requisite for a partnership?
Which of the following is NOT a requisite for a partnership?
- Valid contract
- Legal capacity to enter into a contract
- Secrecy of the Articles of Partnership (correct)
- Mutual contribution of money, property, or industry
What is the primary purpose of a partnership?
What is the primary purpose of a partnership?
- To obtain profits (correct)
- To obtain property
- To obtain contracts
- To obtain industry
How many parties are required to form a partnership?
How many parties are required to form a partnership?
- One
- Three
- Four
- Two (correct)
What type of contributions are required in a partnership?
What type of contributions are required in a partnership?
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What is the nature of a partnership?
What is the nature of a partnership?
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Which of the following is NOT a characteristic of a partnership?
Which of the following is NOT a characteristic of a partnership?
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What is the main purpose of a partnership?
What is the main purpose of a partnership?
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Which of the following is NOT a requisite for a partnership?
Which of the following is NOT a requisite for a partnership?
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How many parties are required to form a partnership?
How many parties are required to form a partnership?
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What type of contributions are required in a partnership?
What type of contributions are required in a partnership?
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