Criminal Law and Partnerships Flashcards
1
Q
True or false, any decision relating to the management of the firm must be unanimous in an unlimited partnership?
A
No, just need a majority
2
Q
True or false, in a dissolved partnership, any partner can insist on the partnership assets being realised and any surplus being distributed - after payment of debts - to partners.
A
True
3
Q
Can an ordinary partnership create floating charges over its assets?
A
No
4
Q
True or false, a partner can assign his interest (I.e. hand over his interest in the partnership to someone)?
A
True, but the assignee doesn’t become a partner as a result
