A business owned by one person who is personally liable for all losses is a

A) Partnerships

B) Unlimited Liability Company

C) Proprietorship

D) Subchapter S Corporation

A partnership

A) may be created by express agreement

B) may be implied from conduct of the parties

C) whether by express agreement or implied from the conduct of the parties it is a question of intent of the parties

D) All the above

Implied partnership's

A) essential elements are common interest in the business and to share in the profits and losses

B) only essential element is common interest in the business

C) only essential element is to share in the profits

D) only essential elements is to share in the losses