Asked by

Evelyn Miller
on Dec 18, 2024

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Which of the following property rights do partners have, when the articles of partnership are silent?

A) The right to participate in the management of the business, the right to possess partnership property, and the right to an interest in the partnership.
B) The right to participate in the management of the business, but not the right to possess partnership property or the right to an interest in the partnership.
C) The right to participate in the management of the business and the right to possess partnership property, but not the right to an interest in the partnership.
D) The right to participate in the management of the business and the right to an interest in the partnership, but not the right to possess partnership property.
E) The right to possess partnership property and the right to an interest in the partnership; but not the right to participate in the management of the business because while the right to participate in management may exist, it is not a property right.

Articles of Partnership

A document that outlines the terms and conditions of a partnership, including the rights, responsibilities, and shares of profit among the partners.

Property Rights

Legal rights to use, control, and dispose of land and property.

  • Acquire knowledge on the strategies partnerships employ to administer property rights and disburse profits.
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sarah geddesDec 19, 2024
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