The ________ is a model act that codifies general partnership law.

Question

Quizplus · Accepted Answer

UPA stands for Uniform Partnership Act, which is a model act that provides a legal framework for general partnerships in the United States. It was first introduced in 1914 and has been revised several times since then. The UPA has been adopted, with variations, by most states in the U.S. to govern the formation, operation, and dissolution of partnerships. The other options (B) FEPA, (C) ADA, and (D) ADEA refer to different laws and acts unrelated to partnership law.

The ________ Is a Model Act That Codifies General Partnership