Which one of the following is incorrect with respect to the rights of partners unless they have agreed otherwise?
A) All profits are shared equally between the partners.
B) Reasonable expenses incurred by the partners in the course of business are reimbursed.
C) All partners have the right to share in management.
D) No major decision can be taken without unanimous agreement of all the partners.
E) Partners can sell their share of the partnership to another person without the agreement of the partners.

Question

Quizplus · Accepted Answer

E is incorrect because in a partnership, a partner cannot sell their share of the partnership to another person without the consent of the other partners, unless the partnership agreement states otherwise. This is to protect the interests and maintain the mutual trust and agreement upon which the partnership is based.

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