Which of the following is true of the management of a general partnership?
A) The number of votes a general partner has depends on the proportion of his or her capital investment.
B) Partnership matters are decided by unanimous agreement only.
C) Only general partners in the board of directors have the authority to participate in the management.
D) If the vote is tied, the action being voted on is considered to be defeated.
Correct Answer:
Verified
Q45: Which of the following is a right
Q46: All general partners have an equal right
Q47: Which of the following is true of
Q48: A _ is the obligation partners owe
Q49: A general partnership agreement must always be
Q51: Receipt of a share of business profits
Q52: The term indemnification refers to the right
Q53: A general partnership cannot operate under the
Q54: _ refers to the right of a
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