The Law Establishes a Test for Determining Whether a Partnership

question 19

Multiple Choice

The law establishes a test for determining whether a partnership has been formed. The test includes which of the following?

• A) An association of two or more persons.
• B) Conducting a business not necessarily for profit.
• C) That the partnership agreement is filed with the Secretary of State.
• D) The sharing of gross returns.

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Definitions:

Executive Branch

The part of a government responsible for implementing and enforcing laws, typically led by the president or a prime minister.

Senate

A legislative or governing body, often part of a bicameral system, responsible for making and passing laws.

Identification

The process or result of recognizing and validating the identity of a person or object.

Vulnerable

A state of being open to harm, damage, or attack due to various factors such as age, health, or position.