Partnerships

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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?

To obtain profits (correct)

To obtain property

To obtain contracts

To obtain industry

How many parties are required to form a partnership?

One

Three

Four

Two (correct)

What type of contributions are required in a partnership?

Money, property, or industry Signup and view all the answers

What is the nature of a partnership?

Bilateral Signup and view all the answers

Which of the following is NOT a characteristic of a partnership?

Unilateral Signup and view all the answers

What is the main purpose of a partnership?

To obtain profits Signup and view all the answers

Which of the following is NOT a requisite for a partnership?

Limited liability Signup and view all the answers

How many parties are required to form a partnership?

Two Signup and view all the answers

What type of contributions are required in a partnership?

Money, property, or industry Signup and view all the answers

Partnerships

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Questions and Answers

Which of the following is NOT a requisite for a partnership?

What is the primary purpose of a partnership?

How many parties are required to form a partnership?

What type of contributions are required in a partnership?

What is the nature of a partnership?

Which of the following is NOT a characteristic of a partnership?

What is the main purpose of a partnership?

Which of the following is NOT a requisite for a partnership?

How many parties are required to form a partnership?

What type of contributions are required in a partnership?

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