Under the UPA aggregate theory, a partnership exists as an individual person with its own separate identity.

Question

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According to the entity theory, a partnership exists as an individual person with its own separate identity. This unique, individual entity is separate from the identities of the partners. In contrast, the aggregate theory says that the partnership is seen simply as an assembly or collection of the partners who do business together.

Under the UPA Aggregate Theory, a Partnership Exists as an Individual