Question

​Under the UPA, and absent an agreement, a tenancy in partnership possesses all the following characteristics, except:______.

a. ​each partner has an equal right to use firm property for partnership purposes in the absence of a contrary agreement.
b. the partnership must file necessary documentation with the state where it does business.
c. ​each partner possesses no divisible interest in any specific item of partnership property that can be voluntarily sold, assigned, or mortgaged by a partner.
d. each creditor of a partner cannot proceed against any specific items of partnership property.

Answer 1

Under the UPA, a tenancy in partnership possesses all the following characteristics, except the requirement to file necessary documentation with the state where it does business.

Step-by-step explanation:

Under the UPA, a tenancy in partnership possesses all the following characteristics, except: B. The partnership must file necessary documentation with the state where it does business. Each partner has an equal right to use firm property for partnership purposes in the absence of a contrary agreement. Each partner possesses no divisible interest in any specific item of partnership property that can be voluntarily sold, assigned, or mortgaged by a partner. Each creditor of a partner cannot proceed against any specific items of partnership property.