To Remove All Ambiguity Regarding Ownership of Property Used by a Partnership,the

question 72

Multiple Choice

To remove all ambiguity regarding ownership of property used by a partnership,the partners should come to an agreement regarding property ownership and put such an agreement:

• A)in a filing with the secretary of state.
• B)in a partnership agreement.
• C)in a contract in compliance with the statute of frauds.
• D)in an exculpatory clause.

---

Definitions:

Initiative

The ability to take the lead and start actions independently without needing encouragement or direction from others.

Coercion

The practice of compelling someone to act in a certain way by use of force or threats.

Genetic Factors

Inherited attributes or characteristics from an individual's biological parents influencing physical appearance, health, and behavior.

Social Potency

A trait that involves the ability to exert influence and leadership in social situations, often associated with charisma and assertiveness.