The Partners Can Change the Terms of Their Responsibilities to Each

question 103

True/False

The partners can change the terms of their responsibilities to each other in the partnership agreement, but cannot change their obligations to third parties.

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Definitions:

States Adopted

The action of U.S. states formally accepting or enacting a statute, regulation, or policy.

Died Testate

A legal term referring to a person who has died leaving a valid will.

Testator

One who makes a valid will.

Maker Of A Will

Person who creates a legal document that outlines how their property should be distributed upon their death.