Which One of the Following Statements Is TRUE Regarding Partnerships

Multiple Choice

Which one of the following statements is TRUE regarding partnerships?

A) The law recognises only those partnerships that are formed by the express (written or verbal) agreement of two or more parties.
B) A partner is liable for the torts of other partners during the ordinary course of business.
C) If there are more than two parties in a partnership, a majority vote is not only sufficient but also a requirement in making decisions.
D) A limited partnership is where none of the partners can be held liable beyond a certain limit.
E) A partnership exists wherever two or more parties carry on transaction jointly.