Which of the Following Statements Is True of Partnerships

question 16

Multiple Choice

Which of the following statements is true of partnerships?

• A) Partnership is limited to indirect association between human beings.
• B) Family members cannot be partners.
• C) Partnership cannot constitute an association between other entities.
• D) Partnerships between parents and minor children are lawful.
• E) Partnerships must be created by written agreements.

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Definitions:

Expatriates

Individuals who live outside their native country, often for work, lifestyle, or political reasons.

Representatives

Individuals elected to serve in a legislative body, tasked with making and amending laws as well as representing the interests of their constituents.

Universal Suffrage

The right of all adult citizens to vote in elections without restrictions based on wealth, gender, social status, race, or ethnicity.

Representative Government

A form of democracy where citizens elect officials to create laws and policy on their behalf rather than making decisions directly.