Vern is one of three partners in Waffles Food Truck. Concerning all aspects of the partnership business, Vern is entitled to information

A) on a complete basis.
B) only on an "as needed" basis.
C) only for a reasonable purpose.
D) only related to the partner's capital contribution.

Reasonable Purpose

A principle guiding that an action or decision must align with logical or justifiable reasons often evaluated in legal contexts.

Partnership Business

A legally recognized form of business where management responsibilities and profits are divided among two or more partners.

Capital Contribution

The injection of assets by the owners or shareholders into a business for operational or investment purposes.