If a Partnership Is Formed but There Is No Agreement

Multiple Choice

If a partnership is formed but there is no agreement as to how long the partnership will exist,then:

A) the partnership will fail because of the lack of intent regarding duration.
B) the length of time that the partnership will be in existence will be established by the Uniform Partnership Act.
C) this will be known as a partnership for a term.
D) the duration of the partnership will be for a reasonable time.
E) the partnership will last indefinitely until there is a partnership dissolution.