Podcast
Questions and Answers
In a partnership, when can the power of the managing partner be revoked without their consent?
In a partnership, when can the power of the managing partner be revoked without their consent?
- If the managing partner makes a decision not in the best interest of the partnership (correct)
- If the managing partner acts in good faith
- If the managing partner is appointed manager after the partnership has been constituted
- If the managing partner executes all acts of administration
In a situation where the managing partners must act unanimously, what is required for the validity of their acts?
In a situation where the managing partners must act unanimously, what is required for the validity of their acts?
- Approval of the partner owning the controlling interest
- Unanimous vote of all managing partners (correct)
- Majority vote of all managing partners
- The decision of the partner with the highest ownership stake
When can a managing partner's decision on acts of administration be reversed?
When can a managing partner's decision on acts of administration be reversed?
- By the managing partner's consent
- By the controlling interest partners only
- By the vote of all partners including the managing partner
- By the vote of majority of partners (correct)
According to the rules of management when no manner of management has been agreed upon, what happens in case of opposition from other partners?
According to the rules of management when no manner of management has been agreed upon, what happens in case of opposition from other partners?
What rule applies when a partner has been appointed manager after the partnership has been constituted?
What rule applies when a partner has been appointed manager after the partnership has been constituted?
Under what condition can a managing partner act alone in selling real property not classified as inventory?
Under what condition can a managing partner act alone in selling real property not classified as inventory?
What are the rules of partnership management when two or more partners have been appointed as managers?
What are the rules of partnership management when two or more partners have been appointed as managers?
What is the criterion for appointing a manager in a partnership when there is no agreed manner of management?
What is the criterion for appointing a manager in a partnership when there is no agreed manner of management?
Under what circumstances can a managing partner be removed without just cause?
Under what circumstances can a managing partner be removed without just cause?
How can a managing partner's power be revoked if there is imminent danger to the partnership?
How can a managing partner's power be revoked if there is imminent danger to the partnership?
What is a valid ground for removing a managing partner?
What is a valid ground for removing a managing partner?
On what grounds can a managing partner be removed according to partnership rules?
On what grounds can a managing partner be removed according to partnership rules?
What happens in case of opposition to the decision of the managing partner on acts of administration?
What happens in case of opposition to the decision of the managing partner on acts of administration?
Under what circumstances can a managing partner be removed?
Under what circumstances can a managing partner be removed?
When two or more partners are appointed as managers with no specification of duties, what happens if there is a tie in voting?
When two or more partners are appointed as managers with no specification of duties, what happens if there is a tie in voting?
If there is no specification of duties for managing partners, and no stipulation that one cannot act without consent, what can each managing partner do individually?
If there is no specification of duties for managing partners, and no stipulation that one cannot act without consent, what can each managing partner do individually?
In a scenario where one partner owns the controlling interest and there is a tie in voting among managing partners, what happens?
In a scenario where one partner owns the controlling interest and there is a tie in voting among managing partners, what happens?
What is true about the rules of management when two or more partners have been appointed as managers?
What is true about the rules of management when two or more partners have been appointed as managers?
