The Legal Environment of Business
Quiz 18: Partnerships: General Characteristics and Formation
Partnership Is Limited to a Direct Association Between Human Beings
Partnership is limited to a direct association between human beings.
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Partnerships "at will" are not covered by the Statute of Frauds.
Non-registration of the partnership name will violate the assumed or fictitious name statutes of most states.
The fictitious names statutes in most states of US require that anyone doing business under a name other than his real name register the name.
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