Discuss why a partnership is both a principal contract and a preparatory contract in not more than four (4) sentences.
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Solution 1
A partnership is considered a principal contract because it establishes a direct and primary relationship between the partners, defining their rights and obligations. It is also a preparatory contract as it sets the foundation for future business activities and transactions that the partners will un Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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