Stella,Bob,and Chris are partners in Sole Services,a general partnership that runs a small shoe store.Stella and Bob want to buy the building that they are currently renting,but Chris does not agree.How will this disagreement be resolved?
A) Sole Services will buy the building because this management decision can be made by a majority vote of the partners.
B) Sole Services will buy the building because one partner can never stand in the way of the will of the majority of partners.
C) Sole Services will not buy the building because this decision requires a unanimous vote of the partners.
D) Sole Services will not buy the building because all partnership management decisions require a unanimous vote of the partners.
Correct Answer:
Verified
Q45: Which of the following is applied in
Q46: Which of the following is true about
Q49: Which of the following is true about
Q50: Which of the following is NOT true
Q52: _ authority exists because it seems reasonable
Q55: Don is a partner of the firm
Q56: Lloyd is a partner in an ordinary
Q57: A trading partnership:
A)borrows money to avoid cash
Q57: Vernon and Josh are partners in an
Q60: How many partners must agree to modify
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents