Solved

Which One of the Following Is Correct with Respect to the Rights

Question 2

Multiple Choice

Which one of the following is correct with respect to the rights of partners unless they have agreed otherwise?


A) No major decision can be taken without a majority vote agreement of all the partners.
B) Only the partners that have contributed the largest capital amount have the right to share in management.
C) Personal expenses incurred by the partners in the course of business are reimbursed.
D) All profits are shared equally between the partners.
E) Partners can sell their share of the partnership to another person without the agreement of the partners.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents