Multiple choice

Partnership

  1. arises by operation of law

  2. comes into existence only after registration

  3. can arise by agreement or otherwise

  4. arises by way of an agreement only
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Partnership is created by agreement between parties, not by operation of law. While registration has consequences for third parties, it's not essential for partnership creation. Option C incorrectly suggests partnership can arise otherwise than by agreement.

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