Which of the Following Is the Proper Definition of a Partnership

question 108

Multiple Choice

Which of the following is the proper definition of a partnership as set out in the Partnership Act?

• A)Partnership exists where two or more persons carry on business in common with a view to profit.
• B)A partnership exists only where two or more people enter into a written agreement to be partners.
• C)A partnership is created where a corporation with shareholders is registered with the federal government.
• D)A partnership is only created where the partners actually share the profits from a business.
• E)A partnership exists where any business is carried on with a view toward profits.

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Definitions:

Large Igneous Provinces

Vast accumulations of igneous rocks that result from the massive outpourings of lava and are associated with volcanic eruptions and plate tectonics.

Geological Events

Natural occurrences like earthquakes, volcanic eruptions, or plate movements that shape the earth's surface and environment.

Morphological Transition

A process involving a significant change in the structure or form of an organism or part of an organism usually due to genetic mutation or environmental pressures.

Anagenesis

Refers to wholesale transformation of a lineage from one form to another. In macroevolutionary studies, anagenesis is considered to be an alternative to lineage splitting or speciation.