Multiple Choice
The UPA provides that partners are __________ liable on all debts and contract obligations of the partnership.
A) jointly
B) strictly
C) jointly and severally
D) partially
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q26: A person admitted into an existing partnership
Q27: David, Ed, and Fred are partners in
Q28: Under the UPA, which of the following
Q29: Chuck, Betty, and Bert form CB&B Partnership
Q30: A partner has implied authority to hire
Q32: Dissociation refers to those situations in which
Q33: Under the RUPA, in a term partnership,
Q34: Under the UPA, absent an agreement otherwise,
Q35: Under the UPA, neither a partner who
Q36: If the general partnership is bound by