Describe the nature of a partnership, the purpose and effect of the Partnership Act, and the effect

Question:

Describe the nature of a partnership, the purpose and effect of the Partnership Act, and the effect a partnership agreement can have on the relationship between the parties as set out in that statute.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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