Which One of the Following Is Incorrect with Respect to the Rights

question 163

Multiple Choice

Which one of the following is incorrect with respect to the rights of partners unless they have agreed otherwise?

• A) All profits are shared equally between the partners.
• B) Reasonable expenses incurred by the partners in the course of business are reimbursed.
• C) All partners have the right to share in management.
• D) No major decision can be taken without unanimous agreement of all the partners.
• E) Partners can sell their share of the partnership to another person without the agreement of the partners.

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Definitions:

Civil Action

A legal proceeding in which one party (the plaintiff) sues another (the defendant) for a wrong that does not arise from a contract.

Statement of Claim

A formal document submitted to a court detailing the plaintiff's allegations and the relief sought against the defendant.

Ban on Publication

A prohibition imposed on the dissemination or release of specific information or materials.

Court Proceedings

Court proceedings are formal legal processes where disputes are resolved and judgments are made by a court.