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

question 183

Multiple Choice

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

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

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Definitions:

Primary Purpose

The main or most important goal intended to be achieved by something.

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