Shelly,Mackay,and Chan Are Setting Up a Partnership

Multiple Choice

Shelly,Mackay,and Chan are setting up a partnership.They decide that Chan will make all managerial decisions,Mackay will do the bookkeeping,and Shelly will put in the necessary capital - as such,Shelly will have the greatest share of the company (51%) ,Chan the second greatest (30%) ,and Mackay the least (19%) .They make no alterations to the default rules of the partnership agreement.Which of the following is most likely true?

A) If Chan and Mackay vote together on a matter,it will go through.
B) Mackay probably has greater access to the books.
C) Shelly gets the lion's share of the profits.
D) If Shelly votes against Chan and Mackay,the matter will go through.
E) Shelly is entitled to the interest on the capital she contributed.