Which of the Following Statements Is Correct with Respect to the Canadian

question 182

Multiple Choice

Which of the following statements is correct with respect to the Canadian Partnership Act?

• A) The Partnership Act always overrides any provisions contrary to it set out by the partners in the partnership agreement.
• B) The Partnership Act is enacted by the federal government and creates a uniform and cohesive system of partnership law for all of Canada.
• C) The Partnership Act states clearly that a partnership is only created by specific agreement between the partners to that effect.
• D) The Partnership Act sets out provisions that will govern the relations between the partners unless those partners have agreed otherwise.
• E) When in conflict, the terms of the federal Partnership Act overrides the provincial partnership acts.

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