Question: A partnership can generally be defined as . . . . . . . . . . . . . Select one: a . a

A partnership can generally be defined as.............
Select one:
a. a legal relationship between two or more persons up to a maximum of 20 persons.
b. a legal relationship between one or more persons up to a maximum of 20 persons
c. a legal relationship between two to 20 persons, who jointly carry on a lawful business to which each makes a contribution in the form of cash, assets, knowledge.
d. a legal relationship to carry on a lawful business to which the owner(s) make a contribution in the form of cash, assets, knowledge.
e. None of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!