Unless It Is Otherwise Agreed in the Articles of Partnership

question 32

Multiple Choice

Unless it is otherwise agreed in the articles of partnership, which of the following is true regarding the rights of partners to share in the management of a partnership?

• A) All partners have a right to participate equally in the management of the partnership.
• B) Partners share in management in proportion to the amount of capital contributed to the partnership.
• C) Partners share in management in proportion to the amount of work done for the partnership.
• D) Partners share in management in proportion to their seniority with the partnership with partners of equal seniority sharing equally in management.
• E) None of these. There is no right to share in management unless the articles of partnership specifically address management rights.

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Definitions:

Object Relations Therapy

A form of psychotherapy focusing on interpersonal relations, primarily in the family of origin, and the impact those relationships have on one's current psychological state.

Transference

In psychoanalysis, the process by which patients project feelings and attitudes from a past relationship onto the therapist.

Psychodynamic Theorists

Specialists who explore the influence of unconscious mind on behavior, emphasizing childhood experiences, interpersonal relationships, and emotional drives.

Catharsis

The process of releasing, and thereby providing relief from, strong or repressed emotions.