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Which of the Following Is Incorrect with Respect to the Creation

Question 124

Multiple Choice

Which of the following is incorrect with respect to the creation of a partnership?


A) A partnership can only be created with the consent of the parties.
B) The duties and obligations of partners to each other can be modified by agreement.
C) The business activity must be continuing in order for it to indicate the existence of a partnership.
D) The common method of creating a partnership is by agreement.
E) An important indication as to whether a partnership exists is the sharing of the profits of the business activity.

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