Which of the following statements with respect to partnership is TRUE?
A) Partnership involves two or more persons carrying on business with a view towards profits.
B) Partnership involves limited liability
C) Partnerships are only created when two or more persons specifically agree to be in partnership
D) Partnerships are only created when they have been properly registered with the government
E) Partnerships are like any form of contract: they can only be created when there is consensus between the parties in the form of offer and acceptance to that effect.
A
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