Multiple Choice
Which of the following situations is most likely to be a partnership?
A) Adam and Bruce have agreed to stage a play together and to share gross returns but not liability.
B) Adam and Bruce carry on a restaurant business together.
C) Adam and Bruce own land together;Adam owns two-thirds and Bruce owns one-third.
D) Adam and Bruce own land together as joint tenants.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: According to the Partnership Acts,the liability of
Q3: Why was the partnership found to be
Q4: The existence of a partnership is established
Q5: Which of the following statements about partner's
Q6: A 'limited' partner has what type of
Q8: Is it necessary for a partnership to
Q9: A person who obtains credit for a
Q10: Which of the following statements is true?<br>A)A
Q11: Which of the following situations is most
Q12: Identify the three circumstances required as proof