Ch 37 Flashcards
(4 cards)
1
Q
The ______ _______ _______ ___ (RUPA)is a model partnership statute
A
Reviewed uniform partnership act
2
Q
An “association of two or more persons to carry on as co owners a business for profit.”
A
Partnership
3
Q
Partnership capital belongs to the
A
Partnership as an entity
4
Q
The partnership interest includes a partners:
A
1: Management and other rights participation
2: share of profits and losses and right to receive partnership distributions
