Question

Articles or partnership establish

Answer 1

Answer:

The correct answer would be C, How profits and losses are divided.

Explanation:

Articles of Partnership is basically a contract between two or more parties who agree to share a common business. They agree to place their capital, skills, resources, labor, etc, into the business and with the mutual understanding of the sharing of profits and losses that may incur to the organization. Thus the main purpose of articles of partnership is to establish that how profits and losses are divided, though they input their capitals, skills and other resources as well but they also agree to share the losses and profits.