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Absent an Agreement Otherwise,upon Dissolution,a Partner Is Entitled to Which

Question 40

Multiple Choice

Absent an agreement otherwise,upon dissolution,a partner is entitled to which of the following after payment of partnership creditors?


A) A share of profits in proportion to capital contribution
B) A share of profits based on the degree of participation in management
C) Under the UPA,repayment of his capital contribution during the winding up of the firm
D) The UPA requires that the partners have an agreement or else they must seek a court order distributing the remaining assets

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