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In the Absence of Any Express or Implied Agreement to the Contrary

Question 11

Multiple Choice

In the absence of any express or implied agreement to the contrary,


A) a new partner may be admitted to a partnership by the decision of a majority of the partners.
B) no partner is entitled to payment for acting in the partnership business.
C) all partners may share equally in partnership capital and profits and must contribute equally towards all losses.
D) a new partner may be admitted to a partnership by the decision of a majority of the partners and no partner is entitled to payment for acting in the partnership business.
E) all partners may share equally in partnership capital and profits and must contribute equally towards all losses and no partner is entitled to payment for acting in the partnership business.

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