The RUPA has eliminated:
A)all management rights enjoyed by partners.
B)the concept of tenancy in partnership.
C)partnership entity status.
D)each partner's interest in the firm.

Question

Quizplus · Accepted Answer

The RUPA has eliminated the concept of tenancy in partnership, meaning that partners no longer have joint ownership of partnership assets. Instead, they now have an equal right to manage partnership affairs and share in profits and losses.

The RUPA Has Eliminated