When the Townsend limited partnership began, the timeline in the certificate of limited partnership set the time for the partnership to expire in on July 1, 2018. Shaun, one of the partners, wants to continue the partnership after July 1, 2018. Can he do so under RULPA?
A) No, the expiration of term dissolves the partnership.
B) Yes, but only for 6 additional months.
C) Yes, but only for one additional year.
D) Yes, for three additional years.
E) No, unless all the partners in the limited partnership agree to turn their shares over to Shaun.
Correct Answer:
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