partnership daily quiz-obligations of partner

7/25/2019 Partnership Daily Quiz-Obligations of Partner

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Quiz on Obligations onPartners

Instructions: True or False. Read the

questions carefully. 10 seconds isallocated to answer each number.

11!1"



#$1 AR



1. As a rule, the partner

is entitled tocompensation for hisservices other than hisshare of the prots.



2. In cases of imminentdanger of grave or

irreparable injury, amanaging partner cannotproceed alone ithout

consent of others.



!. A unanimous consent is

re"uired for alteration ofimmovable property.



%. A &artner's right toinspection of partnership

boo(s are absolute.



). *uties of a partnerends after the dissolutionof partnership.



+. If a capitalist partnersee(s to do other

businesses it must be onethat is not connected to orcompeting ith the

partnership.



. *uring the e-istence ofthe partnership, a partner

is entitled to a formalaccount of partnershipaairs.



/. The consent of allmanaging partners are also

necessary in routinetransactions.



10. ub$partnership

agreements aects thecomposition, e-istence oroperation of the rm.



%nd of quiz&nswers to follow



&nswers

1. '$. '#. '

!. '(. '". '). *+. ',. '10. '

partnership daily quiz-obligations of partner

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