Which of These Is Not a Provision of the Partnership

question 19

Multiple Choice

Which of these is not a provision of the Partnership Act?

• A) No person may be expelled from the partnership without the consent of all existing partners.
• B) A partner is entitled to interest on money advanced to the partnership that is in addition to their original contribution.
• C) Each partner is permitted to withdraw up to 20% of their capital per annum for personal use.
• D) Partners are entitled to share equally in the capital of the partnership.

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Definitions:

Coercive Action

Measures taken to force someone to act in a certain way by using threats, pressure, or the imposition of penalties.

Remedy

A means of legal reparation, correction, or enforcement obtained through judicial process to address a wrong or enforce a right.

Wrongdoer

An individual or entity that has acted improperly, unlawfully, or maliciously.

Universal Law

A rule or body of rules that applies universally and is considered binding on all members of a group or category.