Which One of the Following Statements Is Correct with Respect

Multiple Choice

Which one of the following statements is correct with respect to the creation of a partnership agreement?

A) A partnership can be created by an intention to share the revenues between the partners.
B) For a partnership to exist,the relationship giving rise to it must be of an ongoing business nature,not a one-time promotion.
C) For a person to be a limited partner,there must be at least two general partners.
D) A partnership can be created only by contract.
E) Where two people agree to enter into a partnership,there is no partnership created unless all elements of a contract are present.