Termination of Partnership Flashcards
1
Q
Under Revised Uniform Partnership Act (RUPA) what does partnership property include?
A
1) Property purchased in the partnership’s name
2) Property purchased by the partners
2
Q
Even if a partner agreed not to withdraw for a certain period of time
A
the partner still has the power to withdraw which causes a dissolution of the partnership
3
Q
A court decree
A
is not necessary for a dissolution of a partnership
