Which of the Following Is the Proper Definition of a Partnership

Multiple Choice

Which of the following is the proper definition of a partnership as set out in the Partnership Act?

A) Partnership exists where two or more persons carry on business in common with a view to profit.
B) A partnership exists only where two or more people enter into a written agreement to be partners.
C) A partnership is created where a corporation with shareholders is registered with the federal government.
D) A partnership is only created where the partners actually share the profits from a business.
E) A partnership exists where any business is carried on with a view toward profits.