?A partnership is based on a(n) ________ contract between two or more competent persons who agree to place some or all of their money or other assets, labor, and skill in a business, with the understanding that profits and losses will be proportionately shared.

A. ?involuntary 
B. ?voluntary 
C. ?notarized 
D. ?mandated 


Answer: B

Legal Studies & Paralegal

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