Which of the following would be considered as a valid application of the Partnership Act provisions?
A) the optional rules shall be used exclusively for the partnership
B) the mandatory simple majority rule to expel any partner
C) variation of mandatory rules by agreement
D) variation of optional rules by agreement

Question

Quizplus · Accepted Answer

Optional rules in the Partnership Act can be varied by agreement among the partners, allowing them to tailor the partnership agreement to their specific needs.

Which of the Following Would Be Considered as a Valid