A partnership . . .?
Select ONE answer:
- must be formed by deed.
- must be formed by agreement in writing.
- may be formed by verbal agreement.
- None of the above.
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 3
- Not correct
- Not correct
- Correct – All that’s required to form a partnership is for two or more people to agree to become business partners. They do not have to agree anything else. However. in order to avoid disputes and ill- feeling later on, it is preferable that they agree all relevant matters and record these in some kind of formal written agreement.
- Not correct
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