Formation, management, and control of general partnerships
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BAR EXAM · FLASHCARDS
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QUESTION
Under RUPA (1997), what right does a partner have to compensation for services to the partnership?
QUESTION
What formalities are required to form a general partnership?
QUESTION
Under RUPA (1997), when is property acquired by a partner presumed to be partnership property?
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ANSWER
When it is acquired in the partnership's name or with partnership funds. Property acquired in a partner's own name without partnership funds is presumed to be that partner's separate property.