Which of the Following Statements Is Incorrect Regarding a Partnership

question 42

Multiple Choice

Which of the following statements is incorrect regarding a partnership agreement?

• A) Common law provinces are governed by the Partnership Act.
• B) Oral agreements are preferable to written articles.
• C) It should specify the different relationships that are to exist among the partners.
• D) It should state procedures for submitting disputes to arbitration.

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Definitions:

Rock-cut Churches

Churches carved out of solid rock, often found in Eastern Christianity, especially in Ethiopia and Cappadocia.

Igbo-Ukwu

An ancient Nigerian culture famous for its sophisticated bronze artworks and advanced metalworking techniques, dating back to the 9th century.

Igbo-Ukwu Tomb

An archaeological site in Nigeria known for its advanced bronze artifacts, dating back to the 9th century AD, demonstrating sophisticated metalworking by the Igbo people.

Currency

A system of money in general use in a particular country, used as a medium of exchange for goods and services.