In Fish VTex

question 86

Multiple Choice

In Fish v.Tex.Legislative Serv. ,P'Ship,the case in the text,why did the intermediate court reverse the trial court's judgment?

• A)The partnership agreement was silent as to whether additional compensation to a partner required consent of the other partners.
• B)The partnership agreement did not allow partners additional compensation without consent from the other partners.
• C)The partnership agreement allowed partners to determine their own compensation without consent from the other partners.
• D)The compensation clause in the partnership agreement was ambiguous as to whether compensation issues required the consent of all partners.

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Definitions:

Family Business Feud

Conflicts or disputes that occur within a family-run company, often relating to leadership, succession, or financial issues.

Work Responsibilities

The specific tasks, duties, and functions assigned to an employee or a team within the workplace, expected to be fulfilled to achieve organizational goals.

Business Strategy

A plan of action designed to achieve a long-term or overall aim in the competitive marketplace.

Business Fail

A situation where a business is unable to continue its operations or achieve its financial goals, leading to its closure or bankruptcy.