First Principles of Business Law
Business organisations in Australia

5. Partnerships

Question 7. Who is entitled to profits made in the course of business by a general partnership?

 

 

 

Read the statements below and select the best one.

(a) Partners are entitled to share in profits made by the business in direct proportion to how much of the work they have individually done.

(b) Partners are entitled to share in the profits made by the business either equally, or in the proportions that are agreed between the partners.

 

 

 

 

 

 

 

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