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Adams (A), Brown (B), and Cole (C) establish a partnership in New York State to operate a small printing business. To start the business, A
Adams (\"A\"), Brown ("B\"), and Cole (\"C") establish a partnership in New York State to operate a small printing business. To start the business, A contributes $50,000 to the partnership, while B & C each contribute only $5,000. The Partnership Agreement does not mention how prots or losses will be shared or how management decisions will be made. Six months after the partnership begins, facing low earnings by the rm, B & C determine that the business can only succeed if it purchases a high-volume laser printing press for $500,000 to supplement the three, more standard printing presses already leased by the company. Despite A's strong objections to the purchase, can B & C properly purchase the additional, new, high-volume laser printing press for the partnership? Explain in detail
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