What formality is legally required to form an ordinary partnership under the Partnership Act 1890?

Answer options:

Registration with Companies House.

A written partnership agreement.

No formalities are required.

A minimum capital contribution of £1,000.

How to approach this question

Recall the definition of a partnership under the 1890 Act.

Full Answer

C.No formalities are required.✓ Correct

An ordinary partnership is defined as 'the relation which subsists between persons carrying on a business in common with a view of profit'. No written agreement or registration is legally required.

Common mistakes

Assuming a written deed is mandatory.

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Practice the full ACCA LW — Corporate and Business Law Practice Exam 1

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What formality is legally required to form an ordinary partnership under the Partnership Act 1890?

How to approach this question

Full Answer

Common mistakes

Practice the full ACCA LW — Corporate and Business Law Practice Exam 1

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