Gary, Harold, Daniel and Brian form a real estate partnership in 2013. In 2015, Brian dissociates himself from the partnership. After a partner's dissociation, under the Uniform Partnership Act (UPA) the partnership:
a. dissolves and distributes all assets.
b. can freely choose whether to purchase Brian's partnership interest and how much value it will pay.
c. can freely choose whether to purchase Brian's partnership interest, and if it does not purchase Brian's interest, Brian will remain a partner.
d. must purchase his or her partnership interest based upon the buyout price.
Solved
Show answers
More tips
- C Computers and Internet How to Choose an Uninterruptible Power Supply (UPS) for Your Computer: Expert Tips...
- F Food and Cooking The Health Benefits of Flaxseed oil...
- S Style and Beauty Why is Sugaring Better than Waxing for Hair Removal?...
- W Work and Career Where can you learn to be a flight attendant?...
- G Goods and services How to Properly Calculate the Power of Your Air Conditioner?...
- F Food and Cooking Effective Methods to Organize Videos in your iPad According to Content...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
Answers on questions: Business
- B Business Sheffield Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at a cost of $1,031,600. At December 31, 2020,...
- B Business Pure expectations theory The pure expectations theory, or the expectations hypothesis, asserts that long-term interest rates can be used to estimate future short-term interest...
- H History Bangladesh separated from pakistan because it a. had a hindu majority. b. was culturally and geographically different. c. had a muslim majority. d. wanted to align with...
- H History The battle of in the War of 1812 was significant U.S victory creating the image that America won the war....
Ответ: