Which of the Following Statements Is True Regarding the Form

question 176

Multiple Choice

Which of the following statements is true regarding the form of a legally binding partnership contract?

• A) The partnership contract must be in writing.
• B) The partnership contract may be based on a handshake.
• C) The partnership contract may be implied.
• D) The partnership contract cannot be oral.

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Definitions:

Tape-Recorded Sound

Audio that has been recorded and stored on magnetic tape, which can be played back through a tape player or recorder.

Bilingual Children

Children who have the ability to understand and use two languages, often acquired through their upbringing in a household or environment where two languages are spoken.

Cognitive Flexibility

The mental ability to switch between thinking about two different concepts, or to think about multiple concepts simultaneously.

Overgeneralize

To apply a rule or conclusion too broadly without sufficient evidence or in inappropriate situations.