Dave and Eiger are partners in First-Place Athletic Supplies, which sells sports equipment. Dave manages the business. Unless the partnership agreement states otherwise, Dave is
A) entitled to compensation in proportion to its effect on the business.
B) entitled to compensation in proportion to the effort expended.
C) entitled to compensation in proportion to the effort required.
D) not entitled to compensation for his effort.

Question

Quizplus · Accepted Answer

In a partnership, unless otherwise agreed upon in the partnership agreement, partners are not entitled to compensation for their efforts beyond their share of the profits.

Dave and Eiger Are Partners in First-Place Athletic Supplies, Which