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Statement 1 - Partnership business is governed by Partnership Act. The Act was formulated through the collection of case laws and became one statute. Statement
Statement Partnership business is governed by Partnership Act. The Act was formulated through the collection of case laws and became one statute. Statement Sole proprietorship is governed by no act meaning a businessman can start his ownt business with less government involvement but has to comply with applicable licensespermits from municipality or provincial government. Statement Corporation is governed by Canada Business Corporation Act CBCA and much more cumbersome than the preceding two statements. From the choices below, please choose the right answer.
a All statements are false.
b Statements and are false, but statement is true.
c All statements are true.
d Statements and are true, but statement is false.
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