Which of the following is true regarding decisions requiring unanimous agreement among the partners, when the articles of partnership do not address the matter?
A) A decision to change some element of the partnership agreement, a decision to admit a new partner, and a decision to alter the nature of the firm's business all require unanimous agreement among the partners.
B) A decision to change some element of the partnership agreement requires unanimous agreement, but a decision to admit a new partner and a decision to alter the nature of the firm's business may be made by majority vote.
C) A decision to change some element of the partnership agreement and a decision to admit a new partner require unanimous agreement among the partners, but a decision to alter the nature of the firm's business may be made by majority vote.
D) A decision to admit a new partner and a decision to alter the nature of the firm's business require unanimous agreement among the partners, but a decision to change some element of the partnership agreement may be made by majority vote.
E) All decisions are made by majority vote and none require unanimous agreement.

Question

Quizplus · Accepted Answer

Decisions that fundamentally alter the partnership agreement, admit new partners, or change the business's nature typically require unanimous consent among existing partners, as these decisions significantly impact the partnership's operation and each partner's interests.

Which of the Following Is True Regarding Decisions Requiring Unanimous