Which of the Following Statements Is True Under the Uniform

Multiple Choice

Which of the following statements is true under the Uniform Partnership Act,regarding profit and partnerships?

A) A partnership must have a profit-making motive only if the partnership has five or more members.
B) The partners must operate the business for a profit,which is construed to mean that the partners must intend to make some kind of profit from the business.
C) The partners must operate the business for a profit,and the partnership must be dissolved if no profit is made for three consecutive years.
D) There is no requirement that a partnership be formed with a profit-making motive,and all states recognize the status of non-profit partnerships.
E) There is a requirement that a partnership have a profit-making motive only if the partnership has been in existence for over one year.