The RUPA treats a partnership as a legal entity in which one of the following respects?
A) Liability of partners for partnership obligations.
B) For the purpose of suing or being sued.
C) For all purposes.
D) Assignment of a partner's interest.

Question

Quizplus · Accepted Answer

The Revised Uniform Partnership Act (RUPA) treats a partnership as a legal entity distinct from its partners specifically for the purpose of suing or being sued, among other capacities. This allows the partnership to hold property, enter into contracts, and conduct business in its own name.

The RUPA Treats a Partnership as a Legal Entity in Which