Which of the Following Is Not a Characteristic of a General

question 101

Multiple Choice

Which of the following is not a characteristic of a general partnership?

• A) The partnership is created by a contract.
• B) Mutual agency exists.
• C) Partners share equally in net income or net losses unless an agreement states differently.
• D) Dissolution occurs only when all partners agree.

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Definitions:

Orbit

The bony cavity containing the eye, or alternatively, the path one object in space takes around another due to gravity.

Maxilla

The upper jawbone in most vertebrates, forming part of the skull and housing the upper teeth.

Occipital

Pertaining to the occipital bone or region, located at the back and lower part of the skull, crucial for visual processing.

Temporal

Relating to time or the temples of the skull.