Besides drawing a written partnership agreement, it is legally possible to start a partnership on the basis of: a one partner extorting the other for capital. b) a verbal agreement. C) an assumption of interest of the potential partner. d) a loan obtained from a bank, and assuming the bank to be a partner in the business.
Besides drawing a written partnership agreement, it is legally possible to start a partnership on the basis of: a one partner extorting the other for capital. b) a verbal agreement. C) an assumption of interest of the potential partner. d) a loan obtained from a bank, and assuming the bank to be a partner in the business.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Besides drawing a written partnership agreement, it is legally possible to start a partnership on the basis of:
a one partner extorting the other for capital.
b) a verbal agreement.
C) an assumption of interest of the potential partner.
d) a loan obtained from a bank, and assuming the bank to be a partner in the business.
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