Final answer:
A partnership without contribution of money, property or industry to a common fund, the given statement is 2) false because without these contributions, a partnership cannot be formed.
Step-by-step explanation:
In a partnership, the partners contribute money, property, or industry to a common fund. Therefore, it is not possible to have a partnership without the contribution of any of these elements. The contribution of money, property, or industry is essential for the formation of a partnership and to establish the common fund that will be used for business operations.
Partnerships are a form of business organization where two or more individuals agree to share the profits, losses, and responsibility of a business venture. Each partner brings something of value to the partnership, such as capital, assets, or skills. Without the contribution of money, property, or industry, there would be no common fund from which profits or losses can be distributed among the partners.
For example, let's consider a partnership between two individuals starting a restaurant. One partner may contribute the capital needed to lease the premises, purchase equipment, and hire employees, while the other partner may contribute their culinary skills and industry knowledge. Both contributions are essential for the success of the partnership and the operation of the restaurant.
In conclusion the given statement is 2) false , a partnership requires the contribution of money, property, or industry to establish a common fund. Without these contributions, a partnership cannot be formed.