Multiple Choice
Which of the following is NOT an essential element for the creation of a partnership?
A) The partners must be carrying on a business in common.
B) The business must be carried on by or on behalf of all the partners.
C) The partnership must be registered with the Australian Securities and Investments Commission (ASI
D) The partners must intend to make a profit.
Correct Answer:
Verified
Correct Answer:
Verified
Q26: Partners have which of the following duties:<br>A)to
Q27: In the context of a partnership,'joint and
Q28: Partnerships are regulated by:<br>A)the common law.<br>B)equity.<br>C)the Partnership
Q29: Property of a partner used for the
Q30: Only organisations created for the purpose of
Q32: A form of property ownership in which
Q33: Define a joint venture and discuss how
Q34: A limited liability partnership can have a
Q35: The existence of a partnership is to
Q36: Which of the following statements about partner's