Which of the Following Is True About the Effect of Partnership

question 27

Multiple Choice

Which of the following is true about the effect of partnership agreement?

• A)The dissociations listed in the RUPA are merely default rules.
• B)The partners cannot change the definition of wrongful dissociations.
• C)Partners cannot require dissociation if a partner transfers his transferable partnership interest.
• D)The effects of nonwrongful dissociation cannot be changed.

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Definitions:

ACA Code

The ACA Code refers to the American Counseling Association's Code of Ethics, which provides guidelines for the ethical behavior of counseling professionals.

Ethical Dilemmas

Situations in which a difficult choice has to be made between two or more options, often involving a moral conflict.

Legal Responsibilities

Obligations that are enforced by law, including those pertaining to conduct, actions, and standards within a society or profession.

Norm Group

refers to a reference group used in psychological testing or research to establish norms or standards for comparing individual test scores.