An Association Cannot Be a Partnership Without an Express Agreement

question 17

True/False

An association cannot be a partnership without an express agreement.

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Definitions:

Another Country

A term that can refer to a foreign nation or be used to describe a situation or context that is unfamiliar or markedly different from what is known.

Company's Costs

encompass all expenses involved in running a business, including production, operation, and administration expenses.

Low-Income Families

Families whose income is significantly lower than the average, often making it difficult to meet basic living expenses.

Full-Time Worker

An employee who works the number of hours defined by an employer as a full work week, typically around 40 hours in many countries.