Which of the following is true about buyout of nonwrongfully dissociated partners?
A)The partnership may wait to buy out the partner until the end of the partnership's term.
B)The buyout price must deduct the interest from the date of dissociation.
C)The dissociated partner cannot ask the court to determine the buyout price.
D)The partner must be paid in cash within 120 days.

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.

Which of the Following Is True About Buyout of Nonwrongfully