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:

Anxiety

A mental health condition characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Escape

The act of breaking free from confinement or an undesirable situation.

Obsessive-Compulsive Disorder

A disorder characterized by uncontrollable, reoccurring thoughts (obsessions) and behaviors (compulsions) that an individual feels the urge to repeat.

Hand-Washing Rituals

Compulsive behaviors involving repeated hand washing, often observed in individuals with obsessive-compulsive disorder (OCD).