Which of the Following Property Rights Do Partners Have, When

question 66

Multiple Choice

Which of the following property rights do partners have, when the articles of partnership are silent?

• A) The right to participate in the management of the business, the right to possess partnership property, and the right to an interest in the partnership.
• B) The right to participate in the management of the business, but not the right to possess partnership property or the right to an interest in the partnership.
• C) The right to participate in the management of the business and the right to possess partnership property, but not the right to an interest in the partnership.
• D) The right to participate in the management of the business and the right to an interest in the partnership, but not the right to possess partnership property.
• E) The right to possess partnership property and the right to an interest in the partnership; but not the right to participate in the management of the business because while the right to participate in management may exist, it is not a property right.

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Definitions:

Physically Impossible

An action, event, or process that cannot occur or be achieved within the realms of natural laws and physical constraints.

Infants

Very young children, typically under one year of age, who are in the earliest stages of development in terms of mobility, language, and cognitive skills.

Occlude

To stop, close up, or obstruct the passage of something.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, a cognitive development concept in infants.