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Selections, a General Partnership, Operates a Gift Shop

Question 52

Multiple Choice

Selections, a general partnership, operates a gift shop. Selections has five partners. Tony has a one-third interest in the partnership. Each of the other partners has a one-sixth interest. With respect to management decisions


A) ​a majority of the partners must agree.
B) ​Tony rules.
C) ​the senior partner decides.
D) ​four of the partners must agree.

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