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Larry and Reed Are Partners in Custom Pet Grooming

Question 25

Multiple Choice

Larry and Reed are partners in Custom Pet Grooming.As they are both nearing retirement age,when they form their partnership,they agree they will end their business relationship and sell Custom Pet Grooming in three years.Larry and Reed have a


A) franchise.
B) term partnership.
C) partnership at will.
D) partnership by estoppel.

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