Which of the Following Statements Is Correct with Respect to the Partnership

question 65

Multiple Choice

Which of the following statements is correct with respect to the Partnership Act?

• A) The Partnership Act states clearly that a partnership is only created by specific agreement between the partners to that effect.
• B) The Partnership Act sets out provisions that will govern the relations between the partners unless those partners have agreed otherwise.
• C) When in conflict, the terms of the federal Partnership Act overrides the provincial partnership acts.
• D) The Partnership Act always overrides any provisions contrary to it set out by the partners in the partnership agreement.
• E) The Canadian Partnership Act is enacted by the federal government and creates a uniform and cohesive system of partnership law for all of Canada.

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Definitions:

Psychological Characteristics

Traits or features of an individual's mental and emotional makeup, such as personality, attitudes, and motivations.

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Indirect Approach

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