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A Form of Law Based on a Broad Set of Legal

question 12

Multiple Choice

A form of law based on a broad set of legal principles and decisions made based on legal codes that have been written over time is which type of law?

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Definitions:

Partnership

A sanctioned form of business where partners collectively manage the enterprise and split the financial gains.

Contracts

Contracts that engage two or more persons in binding commitments recognized and updatable through legal proceedings.

RUPA

The Revised Uniform Partnership Act, a set of laws adopted by some states to govern the operation of partnerships.

Dissociation

In a legal context, the process by which a member is removed from a partnership or limited liability company.

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