Under the UPA, Which of the Following Can Be Done

question 42

Multiple Choice

Under the UPA, which of the following can be done only with the consent of all of the partners?

• A) The sale of an office computer.
• B) Confession of judgment.
• C) The firing of a partnership employee.
• D) All of these.

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Definitions:

Asset-backed Securities

Financial instruments backed by a pool of assets, such as loans or receivables, which generate revenue for investors.

Executive Compensation

The financial pay and benefits provided to executives, including salaries, bonuses, stocks, and other compensation forms.

Ancillary Relief

Secondary legal remedies or supports requested in a lawsuit, often relating to financial support or property distribution in family law.

Disgorgement of Profits

A legal remedy requiring a party to surrender profits gained through wrongful conduct to prevent unjust enrichment.