If the partnership agreement does not state how profits and losses are to be shared, they are allocated according to the partners' capital interests
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
In most situations, when a breach of contract occurs, the innocent injured party is held to a duty to mitigate the damages
Indicate whether the statement is true or false
Substantive due process rights: A) no longer exist
B) have been changed to procedural due process rights. C) are found in criminal procedure statutes. D) prevent laws that take property without reason and justification.
Financial documents should be
A) kept in a desk drawer in your home for easy access. B) kept in a safety deposit box. C) kept at your parents' house in their desk. D) None of the above.
What event marked the beginning of e-commerce?
A) The first product sold online. B) The first domain name registered. C) The first e-mail sent. D) The first paid advertisements placed on a Web site. E) The first product advertised online.