Asked by Lisdrey Cires on Jul 04, 2024
Verified
Can Rufus and Sven move forward with the purchase of new equipment from SportsCo, over Igor's insistence on purchasing the equipment from HealthCo?
A) Yes, because most partnership decisions are made by majority vote and this decision does not involve an alteration in the nature of the business.
B) No, because decisions that involve an alteration in the nature of the business require a unanimous vote.
C) No, although most partnership decisions are made by majority vote, this decision involves an alteration in the nature of the business.
D) Yes, but only if all material facts about the restaurant and casino have been disclosed to Igor.
E) No, alterations to the nature of the business require a unanimous vote.
Majority Vote
A voting principle where more than half of the votes cast by individuals entitled to vote are needed to pass a resolution or make a decision.
Unanimous Vote
A voting result where all voters agree and approve a motion, resolution, or proposal without any dissent.
New Equipment
Recently manufactured tools, machinery, or devices that are used to perform specific tasks, typically more advanced or efficient than older models.
- Acquire knowledge on the concepts of unanimous consent and majority rule in the decision-making processes of partnerships.
- Analyze the legal consequences of partnership debts on individual partners.
Verified Answer
Learning Objectives
- Acquire knowledge on the concepts of unanimous consent and majority rule in the decision-making processes of partnerships.
- Analyze the legal consequences of partnership debts on individual partners.
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