Oslo and Faraya Want to Form a Partnership

question 27

Multiple Choice

Oslo and Faraya want to form a partnership. Oslo is very ill and they verbally agree that Faraya can continue the business after his death. What type of agreement should they execute in order to ensure that Faraya can keep the partnership property and carry on the business after Oslo's death?

• A) Contingent agreement.
• B) Honorable agreement.
• C) Continuation agreement.
• D) Post-death agreement.
• E) There is no such agreement.