Where There Is No Agreement in a Limited Partnership Regarding

question 123

Multiple Choice

Where there is no agreement in a limited partnership regarding the allocation of profits,how are they allocated?

• A) equally among all the partners
• B) one-half of the profits equally among the general partners, and one-half of the profits equally among the limited partners
• C) among all partners proportionally, with regard to the capital each partner invested in the partnership
• D) one-half of the profits among the limited partners proportionally, with regard to the capital each limited partner invested, and one-half of the profits among the general partners proportionally, with regard to the capital each general partner invested
• E) in accordance with which partners generated the profits

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