Which of the following is true about the effect of partnership agreement?
A)The dissociations listed in the RUPA are merely default rules.
B)The partners cannot change the definition of wrongful dissociations.
C)Partners cannot require dissociation if a partner transfers his transferable partnership interest.
D)The effects of nonwrongful dissociation cannot be changed.

Question

Quizplus · Accepted Answer

The dissociations listed in the RUPA are merely default rules.The partners may limit or expand the definition of dissociation and those dissociations that are wrongful,and they may change the effects of nonwrongful and wrongful dissociations.The partners may require dissociation if a partner transfers his transferable partnership interest.

Which of the Following Is True About the Effect of Partnership