Which of the following is true of the rights of partners in a partnership?

In a partnership, the rights of partners are generally considered equal unless the partnership agreement specifies otherwise. This principle is rooted in the foundational concept of partnerships, where each partner typically has a voice in the management and decisions of the business. Consequently, any partner can participate in the decision-making process equally unless the partners have decided to designate different levels of authority or rights in their partnership agreement.

This foundational equality underpins the way partners share profits, losses, and governance of the partnership, thus ensuring that all partners have a say in the operation of the business. However, partners may choose to deviate from this default rule by outlining specific rights and responsibilities in their partnership agreement, which could assign different levels of authority, rights, or profit-sharing arrangements.

While state law establishes some overarching principles regarding partnerships and can influence how rights are construed, the baseline is that partners share equal rights unless explicitly stated otherwise. Similarly, while the business type or the capital contribution might influence specific aspects of a partnership, the default equality in rights remains a critical characteristic of partnerships in general.