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26.
(p. 820)
What does the term "full dissolution" of a partnership mean in Spain?
27.
(p. 820)
Which of the following is true regarding "provisional dissolution" of a partnership in
Spain?
28.
(p. 820)
Which of the following is
not
a reason for full dissolution of a partnership in Spain?
29.
(p. 820)
Which of the following is
not
a reason for provisional dissolution in Spain?
30.
(p. 819)
Which of the following is true regarding a partner's actual authority to bind a partnership
once a partnership is dissolved?
31.
(p. 819)
Which of the following is the term for the activity of completing unfinished partnership
business, collecting and paying debts, collecting partnership assets, and taking inventory?
32.
(p. 819-823)
Which of the following is
false
regarding the winding-up process?
33.
(p. 823)
Under the UPA, which of the following is in first place for payment when liquidated assets
of a partnership are distributed?
34.
(p. 823)
Which of the following occurs upon dissolution of a partnership when liabilities of the
partnership are greater than the liquidated assets of the partnership?
35.
(p. 823)
Which of the following is true when upon dissolution of a partnership one partner pays
liabilities of the partnership that are greater than the liquidated assets of the partnership?
36.
(p. 814)
Which of the following are the steps in order of the life cycle of a partnership?
37.
(p. 826)
If a limited partnership is dissolved, which of the following is the order in which the
limited partnership's assets are distributed?
38.
(p. 823)
In a dissolution of a partnership that will be continued, if a noncontinuing partner holds
20% of the partnership in which the assets are valued at $10,000 how much will the partner
receive assuming the noncontinuing partner has taken no wrongful action against the
partnership?
39.
(p. 826)
Which of the following is true regarding the limited liability company?
40.
(p. 825)
Sam enters a limited partnership as a limited partner, contributing $100,000. The limited
partnership consisting of two general and the two limited partners were sued over debt.
Assuming the limited partnership is properly conducted, what is the maximum for which Sam can
be held liable?
41.
(p. 824)
Which of the following is true regarding the Revised Uniform Limited Partnership Act
(RULPA)?
42.
(p. 820-821)
Which of the following was the result in the case in the text,
Jack A. Kahn and
Denise W. Kahn v Stewart Mesher and Lieselotte Mesher
, the case in which it was claimed that
in winding down a partnership, a defending partner wrongfully profited by failing to make
appropriate disclosures to other partners regarding an offer to purchase property held by the
partnership?
43.
(p. 819)
If a partnership does not notify third parties of a dissolution, a partner can still have
______ authority to bind the partnership.
44.
(p. 824)
Which of the following is an agreement stating that continuing partners can keep
partnership property and carry on the partnership business?
