Question

Which of the following is not a right of a partner absent a partnership agreement? multiple choice

a. right to share in management
b. right to compensation
c. right to share in profits
d. right to inspect books

Answer 1

The correct answer is b. right to compensation. In the absence of a partnership agreement, partners do not have an automatic right to be compensated for their contributions to the partnership.

Step-by-step explanation:

The correct answer is b. right to compensation. In the absence of a partnership agreement, partners do not have an automatic right to be compensated for their contributions to the partnership. While partners may agree to compensation in a written partnership agreement, it is not a default right.