A General Partnership Is Valid Only If It Is Carried

question 51

True/False

A general partnership is valid only if it is carried out for profit.

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Definitions:

Anticline

A type of fold that is arched upward and has its oldest beds at its core, often associated with oil and gas reservoirs.

Syncline

A fold in rock layers that dips downwards, where the youngest layers are at the core of the fold.

Monocline

A type of geological fold in which all layers are inclined in the same direction; it is an example of a simple bend in rock layers.

Lineation

A linear structure in a metamorphic rock.