Partnerships Must Be Associations Formed with a View to Profit

question 20

True/False

Partnerships must be associations formed with a view to profit.

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Definitions:

Code of Ethics

A set of principles and standards that guide the professional conduct and decision-making of individuals within an organization or profession.

NFPA

National Fire Protection Association, a global organization dedicated to eliminating death, injury, property, and economic loss due to fire, electrical, and related hazards.

NALA

The National Association of Legal Assistants, a professional organization that provides certification and education for paralegals and legal assistants.

Conflict-of-Interest

A situation in which an individual's personal interests could potentially interfere with their professional duties or responsibilities.