Asked by Nicole Macario on Jun 10, 2024

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According to the RUPA:

A) partners have no liability for the obligations of the partnership.
B) a partnership cannot sue or be sued in its own name.
C) a partnership does not have a life apart from its owners.
D) partnerships have continuity of existence.

RUPA

An acronym for the Revised Uniform Partnership Act, which is a statutory law that governs the formation, operation, and dissolution of partnerships in the United States.

Continuity of Existence

A characteristic of certain business entities that ensures their existence persists regardless of changes in ownership or membership.

  • Understand the duration of various commercial organizations and the elements influencing their persistence.
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JA
Jessica AnguianoJun 17, 2024
Final Answer :
D
Explanation :
The partnership has a life apart from its owners.When a partner dies or otherwise leaves the business,the partnership usually continues.