Under the Revised Uniform Partnership Act (RUPA), When a Partner

question 20

Multiple Choice

Under the Revised Uniform Partnership Act (RUPA) , when a partner dies, the surviving partners:

• A) cannot continue the business.
• B) are entitled to compensation for winding up the partnership business.
• C) must accept the deceased partner's heir as a full partner.
• D) are relieved from personal liability on partnership debts.

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Definitions:

Paired Fins

Appendages found on fish that are used for stabilization, steering, and propulsion through the water.

Chondrichthyes

The class of cartilaginous fishes that includes the sharks, rays, and skates.

Lungs

Main organs of the respiratory system, involved in the exchange of oxygen from the atmosphere with carbon dioxide from the blood.

Evolved

A term referring to the process by which species undergo gradual changes in their genetic composition and traits over generations, often in response to environmental pressures.