Written Consent of All Partners Is Required for the Addition

question 47

True/False

Written consent of all partners is required for the addition of a general partner only if the partnership agreement fails to deal with this issue.

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Definitions:

Racial Categories

Classifications of humans based on shared physical or social qualities into groups generally viewed as distinct within a given society.

Arbitrary Manner

A way of deciding or acting that is not based on system or plan, but instead on random choice or personal whim.

Malay

Pertains to a major ethnic group within Southeast Asia, primarily found in Malaysia, Indonesia, Singapore, Brunei, and Thailand, or the Austronesian language spoken by them.

Pacific Islanders

People native to the islands in the Pacific Ocean, including Polynesians, Micronesians, and Melanesians.