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Author Question: Which one of the following statements about general partnerships is false? (Read 60 times)

PhilipSeeMore

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on: Aug 7, 2021
Which one of the following statements about general partnerships is false?
◦ A partnership can exist even without a written partnership agreement.
◦ Each partner has unlimited personal liability for the debts of the partnership.
◦ A general partner can limit his liability for the firm's obligations by using the term "limited" after his name on stationery.
◦ The Partnership Act can imply contractual terms into a partnership where the partners did not expressly agree on some detail of the relationship.
◦ Partnership is the relationship that exists between persons carrying on business together with a view to making a profit.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by PhilipSeeMore on Aug 7, 2021

randomguy133

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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PhilipSeeMore

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Reply 2 on: Aug 7, 2021
YES! Correct, THANKS for helping me on my review

Dinolord

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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