Which of the Following Is True with Regard to Partnership

Multiple Choice

Which of the following is true with regard to partnership?

A) No partnership can be formed unless the parties intended to create a partnership.
B) Sharing gross receipts is sufficient evidence of the existence of a partnership.
C) The terms of the Partnership Act will be implied in a partnership agreement that includes provisions on the same point.
D) A general partner is not an agent of the firm and the other partners.
E) A limited partnership is an arrangement in which a partner may limit liability to his capital contribution.