Under the UPA, a partner's ownership interest in any specific item of partnership property is that of a:
A) joint tenant.
B) tenant in common.
C) tenant in partnership.
D) tenant by the entireties.

Question

Quizplus · Accepted Answer

Under the Uniform Partnership Act (UPA), a partner's ownership interest in partnership property is considered a "tenant in partnership." This means that each partner has an equal right to possess the property for partnership purposes, but does not have a direct ownership interest in the property that can be transferred independently of the partnership.

Under the UPA, a Partner's Ownership Interest in Any Specific