Q1. Why is registration of a partnership important in certain provinces?

Q2. If one partner should become personally bankrupt, and the partnership dissolved, how is the liability of each remaining partner for the debts of the partnership determined?

Q3. How does a partnership differ from co-ownership?

Q4. How is a partnership formed?

Q5. What essential characteristic distinguishes a partnership from otherassociations of individuals?

Q6. What is a retiring partner obliged to do in order to avoid liability for future debts incurred by a partnership?

Q7. Albert, Charles and Emily carry on business under the name ACE as a registered partnership. Emily wishes to retire from the partnership and allow Albert and Charles to carry on the business.What advice would you give Emily?