Which of the following statements regarding lawsuits and partnerships is false?
A)A partnership may sue in its own name.
B)Any partner has authority to initiate a lawsuit.
C)A partnership may be sued in its own name.
D)Partners cannot be sued individually on partnership obligations.

Question

Quizplus · Accepted Answer

Under the RUPA,a partnership may sue in its own name.Because suing someone is usually an ordinary business decision,ordinarily any partner has authority to initiate a lawsuit.The RUPA also permits a partnership to be sued in its own name.Partners may also be sued individually on partnership obligations.

Which of the Following Statements Regarding Lawsuits and Partnerships Is