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Which of the Following Statements with Respect to the Partnership

Question 48

Multiple Choice

Which of the following statements with respect to the Partnership Act is TRUE?


A) The Partnership Act overrides any provisions contrary to it set out by the partners in a partnership agreement.
B) The Canadian Partnership Act was enacted by Parliament and created a uniform and cohesive system of partnership law for all of Canada.
C) The Partnership Act states clearly that a partnership is only created by specific agreement between the partners to that effect.
D) The Partnership Act sets out provisions that will govern the relationship between the partners unless those partners have agreed otherwise.
E) None of the above.

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