Which of the Following Is NOT an Essential Element for the Creation

question 32

Multiple Choice

Which of the following is NOT an essential element for the creation of a partnership?

• A) The partners must be carrying on a business in common.
• B) The business must be carried on by or on behalf of all the partners.
• C) The partnership must be registered with the Australian Securities and Investments Commission (ASIC).
• D) The partners must intend to make a profit.