Alan and Delen enter into a partnership agreement with a $10,000 capital contribution. Six months later, Delen loans Alan $1,000. The loan is a:

Question

Quizplus · Accepted Answer

It is, of course, still possible for the partners to enter agreements subsequent to the creation of a partnership that would not be considered part of the partnership agreement. Thus, partners might enter a loan or a rental agreement that would be separate from the partnership agreement itself.

Alan and Delen Enter into a Partnership Agreement with a $10,000