Which of the following statements is NOT true?
A) Partnership books must be kept at the principal place of business of the partnership.
B) There is a rebuttable presumption that partner's interests in capital,profits and losses will be equal.
C) Partners are entitled to be paid interest on loans to the partnership at a rate agreed between the parties.
D) Where the agreement allows a partner to introduce a new partner the terms of the agreement must be followed exactly.
Correct Answer:
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