Multiple Choice
Which of the following is not a necessary element of the definition of partnership according to the RUPA?
A) Co-ownership of the assets used by the business
B) Association of two or more persons
C) Limited liability of partners
D) Carrying on of a business
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: Which of the following is NOT an
Q7: Which of the following is an advantage
Q14: The equity of a partnership is called
Q25: If a partnership leases a building that
Q28: A sole proprietorship is a legal entity
Q50: A group of individuals can form a
Q51: A partner's ownership interest is called _.<br>A)
Q54: Which of the following is true about
Q78: Under the doctrine of purported partners,a third
Q79: A limited partner in a limited partnership