Partnership Daily Quiz-Obligations of Partner
Transcript of 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"
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#$1 AR
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1. As a rule, the partner
is entitled tocompensation for hisservices other than hisshare of the prots.
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2. In cases of imminentdanger of grave or
irreparable injury, amanaging partner cannotproceed alone ithout
consent of others.
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!. A unanimous consent is
re"uired for alteration ofimmovable property.
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%. A &artner's right toinspection of partnership
boo(s are absolute.
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). *uties of a partnerends after the dissolutionof partnership.
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+. If a capitalist partnersee(s to do other
businesses it must be onethat is not connected to orcompeting ith the
partnership.
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. *uring the e-istence ofthe partnership, a partner
is entitled to a formalaccount of partnershipaairs.
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/. The consent of allmanaging partners are also
necessary in routinetransactions.
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10. ub$partnership
agreements aects thecomposition, e-istence oroperation of the rm.
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%nd of quiz&nswers to follow
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&nswers
1. '$. '#. '
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