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Which of the Following Is the Proper Ranking Order of Property

Question 34

Multiple Choice

Which of the following is the proper ranking order of property distributions stipulated by the Uniform Partnership Act?

A) Those owing to partners by way of contribution,those owing to partnership creditors,those owing to separate creditors.
B) Those owing to separate creditors,those owing to partnership creditors,those owing to partners by way of contribution.
C) Those owing to separate creditors,those owing to partners by way of contribution,those owing to partnership creditors.
D) Those owing to partners by way of contribution,those owing to separate creditors,those owing to partnership creditors.
E) Those owing to partnership creditors,those owing to partners by way of contribution,those owing to separate creditors.

Correct Answer: