Question: Hi can someone please help me with this question? Ama, Barry and Carla formed a partnership (ABC Partners) to research and develop an experimental herbal

Hi can someone please help me with this question?

Hi can someone please help me with this question? Ama, Barry and

Ama, Barry and Carla formed a partnership ("ABC Partners") to research and develop an experimental herbal medication that has potential curative effects for the coming bird flu pandemic. Ama contributed $700,000 and her business acumen. Barry contributed $200,000 and his medical background. Carla contributed $100,000 and her valuable knowledge of herbal remedies and holistic healing. Trusting that their friendship and mutual respect for each other would see them through any and all matters, the three never entered into a formal partnership agreement, with one exception. They did agree that profits would be divided as follows: 50% to Ama; 25% to Barry; and 25% to Carla. ABC Partners research for a vaccine/cure for the bird flu has progressed nicely. Pfizer, a major drug company, is interested in ABC Partners' progress and has offered to license the vaccine from ABC Partners for $5 million. Ama and Barry are ecstatic about the Pfizer deal, but Carla hates the idea of doing business with a major, multinational corporation. Which of the following is an accurate statement? O Because all partners have equal rights in the management and conduct of the partnership business, Ama and Barry must persuade Carla to consent to the transaction. Because "2 out of 3 ain't bad", Ama and Barry can bind ABC Partners to a deal with Pfizer. O Because of the pass-through nature of partnerships, Ama and Barry can individually enter into the license agreement with Pfizer and eliminate Carla from the transaction. O None of the above

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