In the absence of an agreement to the contrary,partners have equal rights to manage a partnership,regardless of the size of their capital investment.

Question

Quizplus · Accepted Answer

This is based on the principle of equal partnership, where each partner has an equal say in the management of the partnership, regardless of their capital contribution. However, if there is an agreement in place that outlines different management roles and responsibilities or specifies the allocation of decision-making authority based on capital contribution or expertise, then this principle may not apply.

In the Absence of an Agreement to the Contrary,partners Have