Under the UPA,dissolution by Operation of Law Occurs

question 61

Multiple Choice

Under the UPA,dissolution by operation of law occurs:

• A) if a partner has been adjudicated mentally incompetent.
• B) upon the bankruptcy of a partner.
• C) when a partner has engaged in conduct prejudicial to the business.
• D) when the business can be carried on only at a loss.

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Definitions:

Compensation Strategy

An organization’s approach to determining how to reward employees, incorporating elements such as pay levels, benefits, incentives, and performance evaluations.

Affordability

The degree to which something is financially viable or within one's financial means, often used in reference to budgeting and financial planning.

Legality

The state or condition of being in accordance with the law.

Employee Attraction

The strategies and efforts employed by organizations to appeal to potential employees and encourage them to apply for vacancies.