Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is not a characteristic of a general partnership? a)the partnership is created by a contract b)mutual agency c)partners share equally in

Which of the following is not a characteristic of a general partnership? a)the partnership is created by a contract b)mutual agency c)partners share equally in net income or net losses unless an agreement states differently d)dissolution occurs only when all partners agree I believe is d, but I am not so sure about b. Mutual agency should means that it is formed by mutual agreement? Thanks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For OHADA Member States Volume 1

Authors: Michael Forzeh Fossung

1st Edition

3330328037, 978-3330328037

More Books

Students also viewed these Accounting questions