Macky’s partnership agreement with two partners was done haphazardly and thus caused some limitations. One of the concerns was uneven productivity among the partners. The agreement required each partner to require to contribute to every aspect of the business to receive an equal portion of the profits. This agreement did not reflect the idea that a. Partners need not be “equal” because each bring varied talents and knowledge into the partnership b. General partners are required to be active in day-to-day business operations c. Customers and creditors of a limited partnership need not to be protected d. The limited partnership law requires every general partnership to have at least one limited partner e. Each partner may enter into contracts on behalf of all the others.
Macky’s partnership agreement with two partners was done haphazardly and thus caused some
limitations. One of the concerns was uneven productivity among the partners. The agreement required
each partner to require to contribute to every aspect of the business to receive an equal portion of the
profits. This agreement did not reflect the idea that
a. Partners need not be “equal” because each bring varied talents and knowledge into the partnership
b. General partners are required to be active in day-to-day business operations
c. Customers and creditors of a limited partnership need not to be protected
d. The limited partnership law requires every general partnership to have at least one limited partner
e. Each partner may enter into contracts on behalf of all the others.
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