Under the RUPA, a Partner's Dissociation in a Term Partnership

question 23

Multiple Choice

Under the RUPA, a partner's dissociation in a term partnership is wrongful if before expiration of the term:

• A) the partner voluntarily withdraws one month after another partner dies.
• B) the partner dies.
• C) a court determines the partner became incapable of performing her duties under the partnership agreement.
• D) the partner becomes a debtor in bankruptcy.

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Definitions:

Federal Level

Pertaining to the national government of a country, as opposed to state or local levels.

English Act

Likely refers to a specific piece of legislation from the United Kingdom, but without additional context, the exact act is unclear.

Written Contracts

Agreements that are put in writing and signed by the parties involved, thus providing a legal record.

Enforced

The act of compelling compliance or obedience to a law, rule, agreement, or obligation through legal or authoritative means.