If an LLP Does Not Have a Partnership Agreement, the Courts

question 78

Multiple Choice

If an LLP does not have a partnership agreement, the courts will look to ________ to resolve internal management disputes.

• A) the Revised Limited Liability Partnership Act or the Limited Liability Partnership Act if the RLLPA is not adopted
• B) the Revised Limited Liability Company Act or the Limited Liability Company Act if the RLLCA is not adopted
• C) the Revised Uniform Partnership Act or the Uniform Partnership Act if the RUPA is not adopted
• D) common law

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Definitions:

Genetic Composition

Refers to the complete set of genes within an organism's genome, including all of its genetic material.

Genetic Variation

The diversity in gene frequencies within a population, which contributes to the population's ability to adapt to varying environments.

Traits

Traits are distinguishable qualities or characteristics of an organism, ranging from physical attributes to behavioral patterns, largely determined by genetic information.

Genetics

The science of heredity; includes genetic similarities and genetic variation between parents and offspring or among individuals of a population.