Assuming all partners were appointed managers in TRIUMPH Company, what result would the voting on the proposal yield?

Prepare for the Partnership Law Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

In a partnership where all partners are appointed as managers, decisions are typically made based on the principle of majority rule unless specified otherwise in the partnership agreement. Therefore, if the proposal receives a sufficient number of votes in favor from the partners acting as managers, it will indeed pass because the majority has been reached.

In this scenario, the context suggests that the voting proposal is subject to the usual partnership dynamics, meaning that if more than half of the managers (partners) agree to the proposal, it will carry the desired outcome. This reflects a fundamental aspect of partnership governance, where even with all partners being managers, the practical application of majority voting allows for resolutions to be passed effectively. The existence of managers does not preclude the majority rule but rather reinforces it as a mechanism for decision-making within the partnership.

The other options imply scenarios that either suggest obstacles to passing the proposal or dismiss the possibility of a decision being made, but they do not align with the standard practices upheld in partnership law regarding majority voting. Thus, the result of the voting on the proposal will yield a pass since a majority is clearly stipulated as the decisive factor in this situation.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy