According to the RUPA

question 58

Multiple Choice

According to the RUPA:

• A)partners have no liability for the obligations of the partnership.
• B)a partnership cannot sue or be sued in its own name.
• C)a partnership does not have a life apart from its owners.
• D)partnerships have continuity of existence.

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Definitions:

Declaration of Independence

A historical document whereby the thirteen American colonies declared their independence from British rule in 1776.

Talents and Abilities

These refer to the natural aptitudes and learned skills that individuals possess, which enable them to perform certain tasks effectively.

Hobbesian View

A philosophical perspective based on Thomas Hobbes, emphasizing a pessimistic view of human nature and the need for strong government control.

Central Authority

Describes an overarching governing body or entity that possesses the primary control or command within a system or organization.