1. The rights and duties of a partnership are not (aren't) regulated by laws of the state.
Are the rights and duties of a partnership regulated by laws of the state?
2. One partner may not be qualified in production, another in marketing
May one partner be qualified in production, another in marketing?
3. Federal taxes are not paid by individual partners on their share of earnings.
Are Federal taxes paid by individual partners on their share of earnings?
4. The act of any partner is not legally binding upon all the others.
Is the act of any partner legally binding upon all the others?
5. If one partner squanders a large amount of money the others must'my pay the debt.
It one partner squanders a large amount of money must the others pay the debt ?
6. If partners haven't constant disagreements, the business is bound to not suffer
Is the business bound to suffer if partners have constant disagreements?