Unless otherwise stated by contract, the law of partnership presumes which of the following not to be true?

Question

Quizplus · Accepted Answer

The law of partnership does not presume that only managing partners are fully responsible for debts of the partnership. In fact, unless otherwise stated by contract, all partners are personally liable for the debts and obligations of the partnership. The other choices are generally true under the law of partnership, unless otherwise stated by contract.

Unless Otherwise Stated by Contract, the Law of Partnership Presumes