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Which one of the following is correct with respect to the rights of partners unless they have agreed ...

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Which one of the following is correct with respect to the rights of partners unless they have agreed ...

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

▸ All profits are shared equally among the partners.

▸ Personal expenses incurred by the partners in the course of business are reimbursed.

▸ No major decision can be taken without a majority vote agreement of all partners.

▸ Only the partners that have contributed the largest capital amount have the right to share in management.

▸ A partner can sell her share of the partnership to another person without the agreement of the other partners.

Textbook

Legal Fundamentals for Canadian Business

Edition: 4^th

Author: Yates

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