Which of the following is not a requisite for forming a contract of partnership?

Prepare for the Partnership Law Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

In the context of partnership law, the essential elements for forming a partnership include the existence of a valid contract, mutual contributions, and a common purpose aimed at benefiting the partners.

The establishment of a partnership requires a valid contract, meaning that the partners must agree on the terms of the partnership and understand their rights and obligations. Additionally, mutual contributions to a common fund signify that each partner brings something of value—be it cash, property, or services—into the partnership for the collective benefit of all partners. This shared contribution is a fundamental aspect that binds the partners in a legal agreement.

Furthermore, the intention to benefit the partners is crucial as partnerships are typically formed to pursue a business venture that generates profit, thus fulfilling a mutual objective.

On the other hand, the notion that "the articles must remain secret among members" is not a requirement for forming a partnership. In fact, partnership agreements often serve critical roles in clarifying the relationship among partners and guiding their actions, which can be shared openly among them or even disclosed to third parties as needed. Secrecy is not an established requisite for the formation of a partnership; rather, transparency in terms can be beneficial to avoid confusion and misunderstandings among partners and external parties.

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