The number and severity of disputes between partners can be lessened if the partners have executed _______ that specifies everyone's rights and
Responsibilities.
A)a charter
B)a business plan
C)articles of incorporation
D)a partnership agreement

Question

Quizplus · Accepted Answer

A partnership agreement outlines the terms of the partnership, such as the distribution of profits and decision-making authority, which can help prevent misunderstandings and disputes between partners. A charter or business plan may be relevant in other contexts, but a partnership agreement is specifically tailored to the needs of the partnership. Articles of incorporation are more commonly associated with corporations rather than partnerships.

The Number and Severity of Disputes Between Partners Can Be