Multiple Choice
Under the UPA, and absent an agreement, a tenancy in partnership possesses all the following characteristics, except:______.
A) each partner has an equal right to use firm property for partnership purposes in the absence of a contrary agreement.
B) each partner possesses no divisible interest in any specific item of partnership property that can be voluntarily sold, assigned, or mortgaged by a partner.
C) each creditor of a partner cannot proceed against any specific items of partnership property.
D) the partnership must file necessary documentation with the state where it does business.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: All of the following transactions are prohibited
Q15: A partner cannot make a general assignment
Q16: All of the following result in the
Q17: A partner is an agent of the
Q18: In some instances, persons who are in
Q20: When a partner executes an agreement outside
Q21: All the following are characteristics of a
Q22: A registration certificate for a partnership's fictitious
Q23: After the dissolution of a partnership, partners
Q24: The fact that the parties share profits