Which of the following is not generally written into the articles of partnership agreement?
A. Rights and responsibilities of each partner
B. Provisions for admitting new partners
C. Amount that each partner is investing
D. None of the above
D?
To determine the correct answer, we need to understand what is typically included in the articles of partnership agreement. The articles of partnership is a legal document that outlines the terms and conditions of a partnership. It serves as a guideline for how the business operates and defines the rights and obligations of each partner.
Let's review the options:
A. Rights and responsibilities of each partner: This is usually a key component of the articles of partnership. It outlines the specific rights and responsibilities that each partner has within the partnership.
B. Provisions for admitting new partners: This is another important aspect that is often included. The articles of partnership may lay out the procedures and criteria for admitting new partners into the partnership.
C. Amount that each partner is investing: This is typically specified in the articles of partnership. It outlines the capital contribution made by each partner, which is important for determining profit distribution and ownership percentages.
D. None of the above: This option suggests that all of the options listed are generally included in the articles of partnership. However, based on our analysis, option C ("Amount that each partner is investing") is typically included. Therefore, the correct answer is not D, but rather C.
So, the correct answer is C.