Question: Suppose A, B, C, D and E are all partners. A, B, C and D are all managing partners. A and B holds 51% combined
Suppose A, B, C, D and E are all partners. A, B, C and D are all managing partners. A and B holds 51% combined interest in the partnership. E was appointed as the partnership Treasurer.
a. Will the appointment be valid if C opposed the appointment? (2 pts.)
b. What if it was A and B opposed the appointment, will the appointment still be valid? (2pts.)
c. What if C and D opposed the appointment? (2 pts.)
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