If the written partnership agreement makes no provision for sharing profits and losses in a limited partnership, they are shared equally.
Correct Answer:
Verified
Q3: A limited partner who participates in the
Q4: Written consent of all partners is required
Q5: The majority of states have adopted the
Q6: Unanimous written consent of all partners is
Q7: The certificate of a limited partnership must
Q9: A limited partnership must continuously maintain an
Q10: The laws of the state in which
Q11: A person for purposes of membership in
Q12: A general partner may also be a
Q13: Under the RULPA, a limited partnership may
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents