Which of the Following Holds True for a General Partnership

question 43

Multiple Choice

Which of the following holds true for a general partnership where there is no partnership agreement varying the usual provisions of partnership law?

• A) Partners divide profits equally.
• B) Partners divide profits in proportion to the work they do.
• C) Partners divide profits in proportion to the capital they contribute.
• D) Partners enjoy limited liability for the partnership's debts.

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Definitions:

Avoidance-Avoidance Conflict

A situation where a person must choose between two equally unattractive options or outcomes.

Joint Decisions

The process of making decisions collaboratively among two or more parties or stakeholders, often involving negotiation or consensus-building.

Intractable Conflict

A highly resistant and enduring conflict characterized by deep-seated mistrust and animosity between parties, making resolution difficult.

Underlying Reasons

Underlying reasons are the core motives or foundational explanations behind actions, decisions, or phenomena.