Luke typically spends 50-55 hours per week working in the real estate partnership he co-owns with Spencer. Spencer only spends about 30 hours a week on partnership business. Under the RUPA:
A) Luke would be entitled to payment from the partnership for the extra 20-25 hours per week he spends on partnership business unless a partnership agreement denies this right.
B) the partners cannot agree to deny extra payment for extra work by a partner.
C) unless the partners have otherwise agreed, Luke is not entitled to payment for his work for the partnership, even if it is disproportionate to his partner's work.
D) Luke would be entitled to payment from the partnership only if the amount of time and effort he expends on partnership business is grossly disproportionate to that spent by his partner.

Question

Quizplus · Accepted Answer

Under the Revised Uniform Partnership Act (RUPA), partners are not entitled to extra payment for services rendered to the partnership beyond their share of the profits, unless there is an agreement to the contrary. This means that without a specific agreement, Luke would not be entitled to additional compensation for the extra hours he works compared to Spencer.

Luke Typically Spends 50-55 Hours Per Week Working in the Real