Multiple Choice
Which of the following statements is true of formation of general partnerships?
A) It is safer to get everything in writing and to seek expert legal assistance when drawing up an agreement.
B) It is legally not possible to start a partnership on the basis of a verbal agreement.
C) There is a limit on the number of partners who can participate in a general partnership.
D) A general partnership is formed when partners enter into an involuntary partnership agreement.
Correct Answer:
Verified
Correct Answer:
Verified
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