A court has been asked to resolve a matter involving the disputed interests of partners regarding partnership property and their respective rights and duties in relation to the partnership.Which of the following would immediately provide the court with a basis for a decision?
A) the proportional distribution of the losses
B) the proportional distribution of capital
C) any terms expressed or implied in the partners' agreement
D) any expressed terms set out in the partnership agreement

Question

Quizplus · Accepted Answer

The court would look at any terms expressed or implied in the partners' agreement to determine the rights and duties of the partners regarding partnership property.

A Court Has Been Asked to Resolve a Matter Involving