Which of the Following Is True Regarding the Rights of Partners

question 51

Multiple Choice

Which of the following is true regarding the rights of partners to share in the management of a partnership?

• A) Unless the articles of partnership states otherwise, all partners have a right to participate equally in the management of the partnership.
• B) Unless the articles of partnership states otherwise, partners share in management in proportion to the amount of capital contributed to the partnership.
• C) Unless the articles of partnership states otherwise, partners share in management in proportion to the amount of work done for the partnership.
• D) Unless the articles of partnership states otherwise, partners share in management in proportion to their seniority with the partnership with partners of equal seniority sharing equally in management.
• E) Rights to management are suspended until the partners amend the articles of partnership to address management rights.

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Definitions:

Notochord

A flexible rod-like structure in the early stages of embryos in all chordates, providing skeletal support.

Blastocoel

The fluid-filled cavity of a blastula.

Archenteron

The primitive gut formed during the early development of an embryo, which later differentiates into the digestive tract of an animal.

Ectoderm

The embryonic external layer of cells or tissue that forms early on and develops into the skin and nervous system.