Which of the following is false regarding decision making in a partnership?
A) Each partner's assets are vulnerable to the poor business decisions of the fellow partners.
B) A partnership is prohibited from placing managerial control of the business in one partner.
C) Unless the partners expressly agree otherwise,partnership law requires unanimous agreement of all partners on all but the most ordinary matters.
D) If the partners in an informal partnership cannot agree on a decision,they may disband the partnership,distribute its assets,and terminate it.

Question

Quizplus · Accepted Answer

This statement is false. In a partnership, one partner can be designated as the managing partner who has authority to make business decisions on behalf of the partnership.

Which of the Following Is False Regarding Decision Making in a Partnership