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Unless otherwise stated in the partnership agreement, even if one partner has an unusually large proportion of management duties, each partner will have one vote in determining how the partnership is managed.
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Feb 7, 2018
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Unless otherwise stated in the partnership agreement, even if one partner has an unusually large proportion of management duties, each partner will have one vote in determining how the partnership is managed.
a. True
b. False
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Jakub Kaleta
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b. False, uneven proportion of capital would favor the one with the largest capital.
For a reason that the other partner has the greatest investment than the rest, this shall be taken into account which would give more weight to that person's vote.
Rajaraman
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Feb 11, 2018
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