A Voluntary Association of Two or More People Acting as Co-Owners

question 178

Multiple Choice

A voluntary association of two or more people acting as co-owners of a business is known as a

• A) partnership.
• B) corporation.
• C) sole traders.
• D) conglomerate.
• E) syndicate.

---

Definitions:

Province Guarantees

Assurances or commitments provided by a provincial government, often related to financial backing or support.

Solicitor's Customary Searches

Legal inquiries made by a solicitor to ensure there are no legal impediments to a property sale.

Execution Searches

Investigations conducted to determine if there are any outstanding legal judgments or executions against a property or individual.

Zoning Searches

Investigations into the zoning regulations applicable to a particular parcel of real estate to determine permissible uses.