In a General Partnership,all Active Partners Are Entitled to an Equal

question 64

True/False

In a general partnership,all active partners are entitled to an equal share of the firm's profits.

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Definitions:

Fraud

A deliberate deception made for personal gain or to damage another individual.

Reasonable Apprehension

A legal standard referring to the fear or anticipation of harm that a person of ordinary sensibilities would feel under similar circumstances.

Assault

An intentional act by one person that creates an apprehension in another of an imminent, harmful, or offensive contact.

Assault

An act that threatens physical harm to a person, whether or not actual harm is done.