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True or False

A partnership is an association of two or more persons to carry on a not for profit business.

A general partnership is dissolved by the death of a general partner.

A limited partnership consists of only limited partners.

A partnership agreement must always be in writing.

The name of the limited partnership must contain the names of the general and limited partners.

Withdrawal of a partner causes dissolution of the general partnership.

The certificate of limited partnership must designate the New York Secretary of State as agent of the limited partnership for service of process.

A minor may become a general partner.

A general partnership must pay Federal income tax.

Title to all partnership property must be in the name of the partnership.

Operation Management, Management Studies

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