The Revised Uniform Partnership Act (RUPA) uses the term _____ in lieu of the Uniform Partnership Act (UPA) term "dissolution."
A) winding up
B) liquidation
C) termination
D) dissociation
E) dilution

Question

Quizplus · Accepted Answer

RUPA uses the term "dissociation" to refer to the change in the relationship caused by a partner's ceasing to be associated with the carrying on of the business, whereas UPA used "dissolution" for similar circumstances.

The Revised Uniform Partnership Act (RUPA) Uses the Term _____