Author Question: Which one of the following is correct with respect to the rights of partners unless they have agreed ... (Read 122 times)

robinn137 · **on:** Aug 7, 2021

Question 1

In which of the following is there not a fiduciary duty owed?
◦ manager to employer
◦ officer of a company to the company
◦ partners to each other
◦ director to shareholders
◦ agent to her principal

Question 2

Which one of the following is correct with respect to the rights of partners unless they have agreed otherwise?
◦ All profits are shared equally among the partners.
◦ Personal expenses incurred by the partners in the course of business are reimbursed.
◦ No major decision can be taken without a majority vote agreement of all partners.
◦ Only the partners that have contributed the largest capital amount have the right to share in management.
◦ A partner can sell her share of the partnership to another person without the agreement of the other partners.

meltdown117 · **Reply #1 on:** Aug 7, 2021

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