1. Which of the following is NOT a distinguishing characteristic of a partnership?
A. A partnership is a voluntary, consensual relationship.
B. The partners are associated as co-owners to trans- act the business of the firm for profit.
C. A partnership a form of business ownership in which one individual owns the business.
D. A partnership involves partners’ contributions of capital, services, or a combination of these.
2. Duties of partners include:
A. Loyalty and good faith ? B. Obedience ? C. Reasonable care ? D. Information sharing and accounting of the financial status of the partnership ? E. All of the above