Under the Revised Uniform Partnership Act

a. partners are co-owners of partnership property
b. partners don't have transferable economic interests
c. partnership property is owned by the partnership
d. the partnership is an aggregate rather than an entity in its own right
Its a toss up between a or d Help!!!

1 answer

its not D. on page 545 of text book it states. Under the RUPA, a partnership is considered an entity in most situations.