Stella,Bob,and Chris are the partners of Sole Services,a general partnership that runs a small shoe store.Stella and Bob want to buy the building that they are currently renting,but Chris does not agree.How will this disagreement be resolved?
A)Sole Services will buy the building because this management decision can be made by a majority vote of the partners.
B)Sole Services will buy the building because one partner can never stand in the way of the will of the majority of partners.
C)Sole Services will not buy the building because this decision requires a unanimous vote of the partners.
D)Sole Services will not buy the building because all partnership management decisions require a unanimous vote of the partners.

Question

Quizplus · Accepted Answer

The RUPA requires that any partnership act not in the ordinary course of business be approved by all partners,absent a contrary agreement of the partners.For example,a decision to build a new executive office complex must be approved by all partners.

Stella,Bob,and Chris Are the Partners of Sole Services,a General Partnership