Multiple Choice Questions

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Day 4 | Multiple Choice Questions
Question 1 of 52
Question #1: If three people go into a partnership and the standard provisions of the Partnership Act of 1890 apply, which of the following are true?

1. Additional partners may be introduced by a simple majority on any vote
2. The partnership will be liable for any costs incurred by a partner in pursuing the firm’s business
3. Partners may not sell their share of the business without the unanimous approval of all the partners
4. Partners must be paid salaries in proportion to the amount of their investment

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