Which of the following is true regarding the rights of partners to share in the management of a partnership?
A) Unless the articles of partnership states otherwise, all partners have a right to participate equally in the management of the partnership.
B) Unless the articles of partnership states otherwise, partners share in management in proportion to the amount of capital contributed to the partnership.
C) Unless the articles of partnership states otherwise, partners share in management in proportion to the amount of work done for the partnership.
D) Unless the articles of partnership states otherwise, partners share in management in proportion to their seniority with the partnership with partners of equal seniority sharing equally in management.
E) Rights to management are suspended until the partners amend the articles of partnership to address management rights.

Question

Quizplus · Accepted Answer

In a partnership, unless the partnership agreement (articles of partnership) specifies otherwise, all partners have an equal right to participate in the management and conduct of the partnership business. This is a fundamental principle of partnership law, reflecting the idea that a partnership is a collaborative endeavor where each partner contributes to the management and decision-making processes.

Which of the Following Is True Regarding the Rights of Partners