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________ Is the Standard Used by the UCC That Defines

question 23

Multiple Choice

________ is the standard used by the UCC that defines when a party is relieved of his or her contract obligations because of the occurrence of unforeseeable,external events beyond his or her control.


Definitions:

Dissociation

The process by which a member's involvement in a partnership or an LLC is ended, altering the entity's structure or membership.

Withdrawal

The act of removing something from a place of deposit or the act of stopping participation in an activity or agreement.

Wrongful Dissociation

The inappropriate withdrawal of a partner from a partnership, which can lead to damages against the departing partner for breach of the partnership agreement.

Judicial Dissociation

The process by which a court may remove a member from a limited liability company (LLC) based on legal grounds.

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