Which of the following is correct regarding Sandra's statement to the effect that she had greater management rights because she was doing a greater percentage of work for the partnership?
A) Sandra is incorrect because unless otherwise stated in the articles of partnership, all partners share equally in the management of the partnership.
B) Sandra is incorrect because unless otherwise stated in the articles of partnership, partners share in management rights in proportion to their rights to profits.
C) Sandra is incorrect because unless otherwise stated in the articles of partnership, partners share in management rights in proportion to their obligation for losses.
D) Sandra is correct only if the proportion of work she was doing was inequitable.
E) Sandra is correct only if she can establish that the other partners are guilty of mismanagement in such a significant manner that a breach of fiduciary duty has occurred.
Correct Answer:
Verified
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