Question

A partnership agreement: A. Is not binding unless it is in writing. B. Is binding even if it is not in writing. C. Is also called the articles of incorporation.

Answer 1

Answer:

option B                              

Explanation:

A Partnership Agreement refers to  an arrangement among two or more people wishing to mutually run and conduct business and earn a profit. Growing Partner bears a majority of the partnership's revenue and expenses and each Participant is personally responsible for the Partnership's liability and responsibilities.

The plan is a vital guide for starting a new company which helps to set the enterprise disciplining by providing effective communication and established roles for all stakeholders. This Contract records both detailed plans for when things turn sour, and illustrations of the day-to-day activities of the Collaboration.

A Partnership Agreement covers both business associates and any people who intend to do trade jointly should have a Partnership Agreement entered into.