Each Partner, Unless Otherwise Agreed, Has Equal Rights in the Management

question 23

True/False

Each partner, unless otherwise agreed, has equal rights in the management and conduct of the business of a general partnership.

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Definitions:

Valid Offer

A proposal made by one party to another with terms clear enough to create a legally binding contract if accepted.

Advertisement

A public promotion of a product, service, or event through various forms of media.

Breach of Contract

The inability to fulfill any condition or duty stipulated in a contract, agreement, or obligation due to the absence of a valid legal justification.

Enforceable

Capable of being executed or imposed as per law or agreement.