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Which of the following is true of express partnerships? They must be created in writing. They...

Which of the following is true of express partnerships?

They must be created in writing.
They are limited to a direct association of human beings.
The name must be registered if it is fictitious.
They are created unintentionally.
A partnership agreement is necessary for creation.
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Answer #1

Answer: The name must be registered if it is fictitious.

Explanation: Express partnership is the most common way of forming partnership. It refers to the method of forming partnership by expressing in words either orally or in writing. It is not a compulsory requirement that a partnership agreement be created. However, if the proprietor/s of the business intends to run business in a fictitious name other than their original names, then the name must be registered in some public office.

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