________ refers to the right of a partner to be reimbursed for expenditures incurred on behalf of the partnership.

Question

Quizplus · Accepted Answer

Indemnification refers to the right of a partner to be reimbursed for expenses incurred on behalf of the partnership, such as for necessary and reasonable expenditures made in the ordinary course of partnership business. This is important to ensure that partners are not unfairly burdened by the costs of running the partnership.

________ Refers to the Right of a Partner to Be