Multiple Choice
Lisa and Tara are operating a business as a general partnership without an express partnership agreement.Should a dispute arise,the courts will look to ________ to resolve the issue regarding operation of the partnership.
A) the common law
B) state contract law
C) the Revised Uniform Partnership Act
D) federal contract law
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Bob,Carol and Ted have decided to go
Q15: Limited partnerships are required to file a(an)
Q17: Frank and Jesse are operating as a
Q20: The Revised Uniform Partnership Act mandates that
Q23: Even if the parties have no intent
Q24: One disadvantage of a sole proprietorship business
Q38: If two people identify themselves as general
Q38: In United States v. Morton, Morton was
Q39: The duty of a partner to act
Q52: Mike is a limited partner in Big