Which of the following is INCORRECT?
A.
Co-ownership is not necessarily established by contract, while the basis of partnership is always a contract.
B.
Co-ownership does not necessarily include a community of profit and loss, while that is always the case with partnerships.
C.
A co-owner can alienate his undivided co-ownership share without the permission of his co-owner(s), while a partner may not
D.
Co-ownership does not necessarily have a basic profit motive, while partnerships do.
E.
All the above are correct.