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Q: Biz Law ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: Biz Law
Category: Business and Money > Small Businesses
Asked by: geckofrog-ga
List Price: $2.00
Posted: 02 Sep 2003 06:29 PDT
Expires: 02 Oct 2003 06:29 PDT
Question ID: 251365
A partnership that is formed simply by the way two or more people
conduct their business is called
Answer  
Subject: Re: Biz Law
Answered By: serenata-ga on 02 Sep 2003 07:04 PDT
Rated:5 out of 5 stars
 
Hi Geckofrog ~

That's an "implied partnership"

Black's Law Dictionary, 7th Edition, 1999, describes it as:

    "One which is not a real partnership but which is
     recognized ... as such because of the conduct of
     the parties."


Search Terms -
   - partnerships
   - types of partnerships

Serenata
geckofrog-ga rated this answer:5 out of 5 stars

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