It is one who, not being a member of the partnership, contracts with a partner with reference to the latter’s share in the partnership.Group of answer choicesSurviving partnerSubpartnerOstensible partnerSecret partner

It is one formed wherein the existence of certain persons as partners is not made known to the public by any of the partners.Group of answer choicesSecret partnershipNotorious partnershipTrading partnershipOstensible partnership PreviousNext

A partnership is an onerous contract because the law provides a name for it.Group of answer choicesTrueFalse

He or she is one who is not really a partner, but is liable as a partner for the protection of innocent third parties.Group of answer choicesContinuing PartnerManaging PartnerOstensible PartnerPartner by Estoppel

All partners may be limited partnership.Group of answer choicesTrueFalse

A limited partnership is composed of at least two or more limited partners.Group of answer choicesTrueFalse