Which of the following statements about silent partners is false?
A)Silent partners are responsible for the cost of hiring a person to do their work.
B)Silent partners merely contribute capital to the partnership.
C)Silent partners do not have the duty to serve.
D)Silent partners have the same liability for partnership debts as any other partner.

Question

Quizplus · Accepted Answer

Partners may agree to relieve a partner of the duty to serve.So-called silent partners merely contribute capital to the partnership.Silent partners do not have the duty to serve,but they have the same liability for partnership debts as any other partner.The remedies for breach of the duty to serve include assessing the partner for the cost of hiring a person to do his work and paying the other partners additional compensation.

Which of the Following Statements About Silent Partners Is False