Multiple Choice
Which one of the following is incorrect with respect to the rights of partners unless they have agreed otherwise?
A) All profits are shared equally between the partners.
B) Reasonable expenses incurred by the partners in the course of business are reimbursed.
C) All partners have the right to share in management.
D) No major decision can be taken without unanimous agreement of all the partners.
E) Partners can sell their share of the partnership to another person without the agreement of the partners.
Correct Answer:

Verified
Correct Answer:
Verified
Q158: A contract entered into by an agent
Q159: Explain under what circumstances a partnership can
Q160: A partnership is primarily a contractual relationship
Q161: A partner's liability for the torts of
Q162: Which of the following is correct with
Q164: Explain under what circumstances an agent can
Q165: Explain how partnership can be brought to
Q166: Joe was a lawyer and agreed to
Q167: Which of the following will establish the
Q168: Information that comes to the agent because