Question

A partnership

a. Is created by agreement of the partners.
b. Has a juridical personality distinct and separate from that of each of the partners.
c. May be constituted in any form, except where immovable property is contributed, in which case the law requires that a public instrument be executed.
d. All of the above
e. None of the above

Answer 1

The correct answer is 'd. All of the above', indicating that a partnership is created by an agreement, has a separate juridical personality, and may be constituted in any form unless immovable property is involved.

Step-by-step explanation:

The correct answer to the question is d. All of the above. A partnership is a form of business organization that is created by an agreement between partners. It possesses several characteristics:

1. It is created by the agreement of the partners.
2. It has a juridical personality distinct and separate from that of each of the partners.
3. It may be constituted in any form, but when immovable property is contributed, a public instrument must be executed according to the law.

Partnerships are easy to start and manage with an agreement outlining the specific aspects of the partnership. Though partners share profits, they are also responsible for each other's actions and the debts incurred. A partnership's existence may be affected by the departure or death of a partner, and it may have limited life unless new agreements are made.