Which of the Following Is True of a Written Partnership

question 143

Multiple Choice

Which of the following is true of a written partnership agreement?

• A)It is an agreement in which the partners hold a direct agreement with the registration body,and the registration body acts as an interlocutor between the partners.
• B)It is an informal agreement between the partners and is not legally binding.
• C)It is a legally-binding agreement between the owners which explains the procedures for liquidating the partnership.
• D)It is a legally-binding agreement between the proprietors and the stock exchange where it is listed regarding the profit sharing between the owners.

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Definitions:

Osteoblasts

Bone-forming cells that synthesize the bone matrix and are responsible for bone growth and repair.

Chondrocytes

Chondrocytes are the only cells found within healthy cartilage, responsible for maintaining the cartilaginous matrix.

Periosteum

Bones are encompassed by a rich, vascular connective tissue layer, dense except at the points where joints are formed.

Longitudinal Growth

The increase in length of bones due to the activity in the epiphyseal plates, which contributes to overall height during development.