1. A partnership is an association of two or more persons to carry on a not for profit business.
True
False
2. A general partnership is dissolved by the death of a general partner.
True
False
3. A limited partnership consists of only limited partners.
True
False
4. A partnership agreement must always be in writing.
True
False
5. The name of the limited partnership must contain the names of the general and limited partners.
True
False
6. Withdrawal of a partner causes dissolution of the general partnership.
True
False
7. The certificate of limited partnership must designate the New York Secretary of State as agent of the limited partnership for service of process.
True
False
8. A minor may become a general partner.
True
False
9. A general partnership must pay Federal income tax.
True
False
10. Title to all partnership property must be in the name of the partnership.
True
False