Which of the following statements about the history of partnerships is false?
A)Partnerships were known in ancient Babylonia,ancient Greece,and the Roman Empire.
B)During the Middle Ages,much trade between nations was carried on by partnerships.
C)The definition of a partnership in the 6th-century Justinian Code of the Roman Empire varies greatly from that in our laws today.
D)English common law recognized the partnership by the close of the 17th century.

Question

Quizplus · Accepted Answer

Partnerships were known in ancient Babylonia,ancient Greece,and the Roman Empire.For example,the Babylonian King Hammurabi (1792 - 1750 B.C. )regulated partnerships as part of his code.The definition of a partnership in the 6th-century Justinian Code of the Roman Empire does not differ materially from that in our laws today.The partnership was likewise known in Asian countries,including China.During the Middle Ages,much trade between nations was carried on by partnerships.By the close of the 17th century,the partnership was recognized in the English common law.

Which of the Following Statements About the History of Partnerships