Of the Following, Which Is an Implied Relationship Between Partners

question 52

Multiple Choice

Of the following, which is an implied relationship between partners?

• A) Interest on loans to partnership by a partner.
• B) Equal share in profits and losses.
• C) Firm pays each partner for his business expenses.
• D) No partner is entitled to remuneration for acting in the partnership business.
• E) all of the above

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Definitions:

Invitation Negotiate

A proposal or offer made with the intention of engaging another party in negotiations to reach a mutual agreement.

Baked Goods

Edible items that are typically prepared from a dough or batter and cooked by baking, such as bread, cookies, cakes, and pastries.

Reward Offer

A promise of compensation made to the public or specific individuals for performing a task or providing information.

Website Post

Content published on a website, typically in the form of articles, blogs, or announcements.