Asked by
Ramos, Katrina Camille G.
on Nov 21, 2024
Verified
Quenten and Pauline have decided to create a partnership for their new tutoring business. What type of written agreement creates a partnership?
A) No actual written agreement is needed to create a partnership
B) Agreement in partnership
C) Partnership articles
D) Articles of partnership
E) Partners in law agreement
Articles Of Partnership
A legal document that sets out the terms and conditions under which a partnership operates, including the responsibilities of the partners.
Written Agreement
A formalized contract documenting the terms, conditions, rights, and obligations agreed upon by the parties involved, enforceable by law.
- Understand fundamental principles regarding partnership formation, including the necessity and significance of a written agreement among partners.
- Recognize different forms and the significance of legal documents in establishing and governing partnerships, such as articles of partnership.
Verified Answer
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Learning Objectives
- Understand fundamental principles regarding partnership formation, including the necessity and significance of a written agreement among partners.
- Recognize different forms and the significance of legal documents in establishing and governing partnerships, such as articles of partnership.
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