Under the UPA, After Dissolution

question 46

Multiple Choice

Under the UPA, after dissolution:

• A) the remaining partners have the right to continue the partnership if the majority of them agree.
• B) the remaining partners have the right to continue the partnership if the partnership was dissolved in contravention of the partnership agreement.
• C) the partnership must be liquidated only if the dissolution was caused by the expulsion of a partner in accordance with the partnership agreement.
• D) the partnership must be liquidated.

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Definitions:

Poetic Imagery

The use of vivid or figurative language to represent objects, actions, or ideas in literature, particularly in poetry, to evoke a mental image or sensory experience.

Circular Definition

A way of defining a term where the definition includes the term itself, leading to a lack of clarity or actual explanation.

Genus

In biology, the rank in the classification of organisms, above species and below family; in logic, a broader category or class that encompasses more specific subdivisions.

Differentia

Characteristics that distinguish a species or category from others, making it distinct.