Jackie Is Interested in the Property of the Big Partnership,in

question 37

Multiple Choice

Jackie is interested in the property of the Big Partnership,in which Jackie is a full partner.She wants to mortgage the property in order to collateralize loans for the organization.However,not all the partners agree with Jackie.What is Jackie's legal position with regard to the mortgage under UPA?

• A)Her partners' non-agreement is legally irrelevant.
• B)Jackie's interest in the partnership property cannot be assigned.
• C)Jackie can mortgage her share of the organization's property.
• D)UPA does not address this issue,and a court will decide on a case by case basis.

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Definitions:

Slack

The amount of time a project task can be delayed without causing a delay to subsequent tasks or the overall project deadline.

Raw Materials

Basic materials that are used in the production of goods, finished products, or intermediate materials that are feedstock for future finished products.

Labour

The human work effort, both physical and mental, used in the production of goods and services.