Question Completion Status: QUESTION 1 A and B have decided to carry on a business in partnership in Ontario, and A has his lawyer prepare a detailed partnership agreement setting out their respective rights and obligations. However, at the last minute, Brefuses to sign the agreement and A, who trusts B, decides that the agreement is unnecessary. In this case, the partnership will be governed by 1. the Partnership Act. 2 the principles of equity 3. the terms of the partnership agreement 4. the law of contract QUESTION 2 For three years, John, Michael, and Mary have carried on a business that is charitable in nature. Each of them contributed capital to the business and has his or her duties set out in an agreement. The form of business that they have created is 1. a limited liability partnership. 2.a sole proprietorship 3. none of the above 4. a general partnership