Asked by
Christine Mendooza
on Nov 21, 2024
Verified
Can the two potential new partners be added to the partnership without Igor's vote in favor of doing so?
A) Yes, because there is a majority vote in favor of the admission of new partners.
B) No, because there is no unanimous vote in favor of the admission of new partners.
C) No, because there is no 4/5 vote in favor of the admission of new partners.
D) Yes, but only if all material facts about the new partners have been disclosed to Igor.
E) Yes, because the two potential partners will bring significant capital into the partnership.
Material Facts
Important details or information that could influence a decision or the outcome of a legal case.
New Partners
Individuals who join an existing partnership, bringing in new capital or skills, and thus altering the partnership structure and possibly its strategic direction.
Majority Vote
A voting outcome where more than half of the votes cast are in favor of a proposal or candidate, leading to its approval or election.
- Gain an understanding of the mechanisms of majority rule and unanimous consent when making partnership decisions.
Verified Answer
MD
Learning Objectives
- Gain an understanding of the mechanisms of majority rule and unanimous consent when making partnership decisions.