Under the UPA,which of the Following Is in First Place

question 46

Multiple Choice

Under the UPA,which of the following is in first place for payment when liquidated assets of a partnership are distributed?

• A) Payment of refunds or loans to partners for loans made to the firm.
• B) Payment to partners of the capital they invested.
• C) Payment of profits distributed to partners on the basis of the partnership agreement.
• D) Payment to creditors of the partnership.
• E) Payment of bills of lading.

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Definitions:

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