Required Information General partnerships are used today because they are easy to establish and, unlike other business associations, they do not require registration with the state. Read the case below and answer the questions that follow. Alex and Betty entered into a written partnership agreement to sell baby supply products from their homes. They use the business name Home Baby Sellers. They purchase some limited-edition blankets from Blanket Supply, a partnership owned by Carl and Danielle. Blanket Supply was set up by a written partnership agreement to sell the blankets and will be dissolved upon them selling all of the blankets. Alex and Betty also purchased some bottle warmers from Edna and Frank. Edna and Frank have no formal partnership agreement and no company name but share the profits from selling the bottle warmers. They have no plans to end the arrangement. Which of the following is an implied partnership? I. Home Baby Sellers. II. Blanket Supply Ill. Edna and Frank's bottle warmer business. Show Transcribed Text C Multiple Choice I only " only " only All and !) O Il and Ill