Which of the Following Statements with Respect to the Partnership

question 48

Multiple Choice

Which of the following statements with respect to the Partnership Act is TRUE?

• A)The Partnership Act overrides any provisions contrary to it set out by the partners in a partnership agreement.
• B)The Canadian Partnership Act was enacted by Parliament and created a uniform and cohesive system of partnership law for all of Canada.
• C)The Partnership Act states clearly that a partnership is only created by specific agreement between the partners to that effect.
• D)The Partnership Act sets out provisions that will govern the relationship between the partners unless those partners have agreed otherwise.
• E)None of the above.

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