Exam 39: Partners Dissociation and Partnerships Dissolution and Winding up

Amos,Beverly,Carlos,and Dan were partners in a partnership in which the agreement states that the partnership will continue until 2010.Amos died in 2006.What vote of the remaining partners is necessary to continue operating the partnership business?

(Multiple Choice)

4.7/5

(36)

Question 81

Dissociation is the term for adding new members to an existing partnership.

(True/False)

4.9/5

(43)

Question 82

Which of the following is true about buyout of nonwrongfully dissociated partners?

(Multiple Choice)

4.7/5

(32)

Question 83

In Urbain v.Beierling,the case in the text,why did the court hold that the defendants did not breach the partnership agreement when they dissolved the partnership?

(Multiple Choice)

4.9/5

(31)

Question 84

Which of the following causes dissociation?

(Multiple Choice)

4.8/5

(31)

Question 85

Anthony,a partner of a partnership firm,was convicted for rash driving.Following this,all other partners dissociated him from the partnership,as per the terms of the agreement.This is an example of a ________ dissociation.

(Multiple Choice)

4.9/5

(38)

Question 86

Mark is a partner in Harbin Associates,a partnership.The term of the partnership agreement is one year and does not include a clause on buyouts.After the term expires,Mark decides to dissociate while the remaining partners wish to continue.Under the RUPA:

(Multiple Choice)

4.9/5

(40)

Question 87

Which of the following is true about asset distribution in an LLP?

(Multiple Choice)

4.7/5

(35)

Question 88

If a partner of an LLP is not liable to a creditor that the remaining partners are liable to,then he:

(Multiple Choice)

4.9/5

(32)

Question 89

The RUPA makes a dissociated partner liable as a partner to a party that entered into a transaction with the continuing partnership,unless:

(Multiple Choice)

4.7/5

(40)

Question 90

Showing 81 - 90 of 90

Exam 39: Partners Dissociation and Partnerships Dissolution and Winding up

Amos,Beverly,Carlos,and Dan were partners in a partnership in which the agreement states that the partnership will continue until 2010.Amos died in 2006.What vote of the remaining partners is necessary to continue operating the partnership business?

Dissociation is the term for adding new members to an existing partnership.

Which of the following is true about buyout of nonwrongfully dissociated partners?

In Urbain v.Beierling,the case in the text,why did the court hold that the defendants did not breach the partnership agreement when they dissolved the partnership?

Which of the following causes dissociation?

Anthony,a partner of a partnership firm,was convicted for rash driving.Following this,all other partners dissociated him from the partnership,as per the terms of the agreement.This is an example of a ________ dissociation.

Mark is a partner in Harbin Associates,a partnership.The term of the partnership agreement is one year and does not include a clause on buyouts.After the term expires,Mark decides to dissociate while the remaining partners wish to continue.Under the RUPA:

Which of the following is true about asset distribution in an LLP?

If a partner of an LLP is not liable to a creditor that the remaining partners are liable to,then he:

The RUPA makes a dissociated partner liable as a partner to a party that entered into a transaction with the continuing partnership,unless:

The Nature of Law

The Resolution of Private Disputes

Business and the Constitution

Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking

Criminal Law and Procedure

Intentional Torts

Negligence and Strict Liability

Intellectual Property and Unfair Competition

Introduction to Contracts

The Agreement: Offer

The Agreement: Acceptance

Consideration

Reality of Consent

Capacity to Contract

Illegality

Writing

Rights of Third Parties

Performance and Remedies

Formation and Terms of Sales Contracts

Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contracts

Personal Property and Bailments

Real Property

Landlord and Tenant

Estates and Trusts

Insurance Law

Introduction to Credit and Secured Transactions

Security Interests in Personal Property

Bankruptcy

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Transfers

The Agency Relationship

Third-Party Relations of the Principal and the Agent

Introduction to Forms of Business and Formation of Partnerships

Operation of Partnerships and Related Forms

Limited Liability Companies, limited Partnerships, and Limited Liability Limited Partnerships

History and Nature of Corporations

Organization and Financial Structure of Corporations

Management of Corporations

Shareholders Rights and Liabilities

Securities Regulation

Legal and Professional Responsibilities of Auditors, Consultants, and Securities Professionals

Administrative Law

The Federal Trade Commission Act and Consumer Protection Laws

Antitrust: the Sherman Act

The Clayton Act, the Robinsonpatman Act, and Antitrust Exemptions and Immunities

Employment Law

Environmental Regulation

Filters