As per RUPA,if a nonwrongfully dissociated partner demands payment from the partnership,he should be paid:
A)within 90 days from the date of demand.
B)within 120 days from the date of demand.
C)within no such specified period.
D)within such time as per the terms and conditions of the partnership.

Question

Quizplus · Accepted Answer

When the dissociated partner has not wrongfully dissociated and there is no partnership agreement on the issue,the RUPA requires the partnership to pay the dissociated partner in cash within 120 days after he has demanded payment in writing.The buyout amount must include interest from the date of dissociation.

As Per RUPA,if a Nonwrongfully Dissociated Partner Demands Payment from the Partnership,he