Which of the following is known as a partnership agreement? articles of partnership distribution of assets shared liability the Uniform Partnership Act (UPA)

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C6at6hortersksnowsly C6at6hortersksnowsly

18-02-2016
Business

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Which of the following is known as a partnership agreement? articles of partnership distribution of assets shared liability the Uniform Partnership Act (UPA)

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meerkat18 meerkat18 · Answer 1 · 2016-02-21T18:43:57+01:00

Articles of partnership is known as a partnership agreement.

It is an agreement between two or more individuals who want to go into business with each other.
The articles of partnership contains information about each partner, how much each will contribute in terms of capital, skills, and labor in the course of their business partnership. It also includes the agreement between them regarding the division of profits and losses of the business.