As Per RUPA,if a Nonwrongfully Dissociated Partner Demands Payment from the Partnership,he

question 46

Multiple Choice

As per RUPA,if a nonwrongfully dissociated partner demands payment from the partnership,he should be paid:

• A)within 90 days from the date of demand.
• B)within 120 days from the date of demand.
• C)within no such specified period.
• D)within such time as per the terms and conditions of the partnership.

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Definitions:

Gratification Delay

The ability to resist the temptation for an immediate reward and wait for a later reward.

Ego

In psychoanalytic theory, a part of the personality that mediates between external reality, the id, and superego, and is responsible for realistic and socially appropriate behavior.

Amoral

Lacking moral sense; unconcerned with the rightness or wrongness of something.

Ego And Id

Fundamental components in Freudian psychoanalytic theory where the id is the primal desires and drives, and the ego is the realistic part that mediates between the desires of the id and the morals of the superego.