Besides drawing a written partnership agreement, it is legally possible to start a partnership on the basis of: a one partner extorting the other for capital. b) a verbal agreement. C) an assumption of interest of the potential partner. d) a loan obtained from a bank, and assuming the bank to be a partner in the business.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 8MC: A well written partnership agreement should include each of the following except ________. A. how to...
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Besides drawing a written partnership agreement, it is legally possible to start a partnership on the basis of: a one partner extorting the other for capital. b) a verbal agreement. C) an assumption of interest of the potential partner. d) a loan obtained from a bank, and assuming the bank to be a partner in the business.
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