Answer

completion Status: QUESTION 13 Jamie, Zoe, and Nichole are partners in a general partnership that sells bath products. Jamie and Zoe each contributed $150,000 to the partner Nichole contributed $350,000. Jamie and Zoe wish to purchase a $50,000 machine to package their products, Nichole opposes the purchase. U partnership agreement states otherwise, is there a valid agreement to purchase the machine? Yes, because a single partner can act even over the objection of all other partners. No, because partnership decisions require a unanimous vote. No, because Nichole's interest exceeds the interests of both Jamie and Zoe. O Yes, because each partner has one vote in management decisions QUESTION 14 Whenever someone dissociates from a partnership, the partnership should notify creditors, customers, and client's of the partner's dissociation. Why O Without such notification, the partner's dissociation is not official. O Dissociated partners continue to share in the profits, but not the losses, of a partnership until such notice is given. The dissociated partner remains liable for acts of the partnership until that notice is given. O The partnership may be bound by the acts of the dissociated partner based on apparent authority