The RULPA Specifies the Events That Will Trigger a Dissolution

question 15

Multiple Choice

The RULPA specifies the events that will trigger a dissolution, after which the partnership affairs must be liquidated.These events include which of the following?

• A) The unanimous written consent of all the partners.
• B) The expiration of the time period specified in the certificate.
• C) A limited partner's withdrawal from the partnership.
• D) The expiration of the time period specified in the certificate  and t he unanimous written consent of all the partners.

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Definitions:

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Amortized

Refers to the process of gradually reducing debt through regular payments that cover both interest and principal over a set period.

Compounded Monthly

This process involves the reinvestment of interest, so each month's interest earning is based on the principal plus the previously earned interest.

Amortized

The gradual reduction of a loan or debt by regular payments of both interest and principal.