Mike mcmaster and diane sofko decided to merge their


Mike McMaster and Diane Sofko decided to merge their competing real estate brokerage proprietorships. The resulting general partnership was establishes by a mere handshake. The oral partnership agreement did not cover profit-sharing or salaries. For this partnership,

a. the federal anti-trust laws could never apply.

b. the statute of frauds dvices does not require that Mike and Diane's agreement to be in writing.

c. the partnership is voidable by the creditors of either proprietorship.

d. Diane is entitled to a reasonable salary for her servises as managing partner.

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