Which of the Following Statements Is True Under the Uniform

question 65

Multiple Choice

Which of the following statements is true under the Uniform Partnership Act, regarding profit and partnerships?

• A) There is no requirement that a partnership be formed with a profit-making motive, and all states recognize the status of non-profit partnerships.
• B) A partnership must have a profit-making motive only if the partnership has five or more members.
• C) There is a requirement that a partnership have a profit-making motive only if the partnership has been in existence for over one year.
• D) The partners must operate the business for a profit, and the partnership must be dissolved if no profit is made for three consecutive years.
• E) The partners must operate the business for a profit, which is construed to mean that the partners must intend to make some kind of profit from the business.

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Definitions:

Aneroid

Refers to a type of barometer that measures air pressure without using liquid.

Dehydration

A condition resulting from excessive loss of body water, affecting bodily functions.

Foley Catheter

A sterile tube inserted into the bladder to drain urine, commonly used in medical settings for patients who cannot urinate independently.

Heat Production

The process of generating body warmth through metabolic activities, an essential function for maintaining the body's temperature.