Reference - Partnership Disruption

Multiple Choice

Reference - Partnership Disruption. Bruce, Sandra, and Minnie want to form a partnership to assist students with resume preparation and employment searches. Bruce asks Sandra and Minnie if they should draw up some sort of agreement. Sandra replies that a written agreement is not legally required and that an oral agreement will set up a partnership. Upon the urging of Bruce and Minnie, however, Sandra agreed to a written agreement. Sandra has an opportunity to assist some students with resumes and does so without revealing her employment to the partnership. She keeps the funds she receives for herself. When Bruce and Minnie found out, Sandra replied that she was doing two-thirds of the partnership work; that she, therefore, had a majority of the voting rights; and that her actions were appropriate. The articles of partnership did not address the right to share in management, but Bruce and Minnie strongly disagreed with Sandra. Which of the following is true regarding Sandra's statement that a written agreement is not necessary to set up a partnership?

A) She is correct.
B) She is correct but only because only three members are involved.
C) She is incorrect but only because fewer than five members are involved.
D) She is correct only if all partners have at least a college degree.
E) She is incorrect only if none of the partners have experience with the partnership form of business.