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Posted: May 19th, 2023
Fred and Alice formed an at will partnership on January 1, 20XX. There was no formal written agreement. Which of the following is correct under the Uniform Partnership Act?I. If Fred makes a contract on behalf of the partnership in the regular course of business without first consulting with Alice, the contract is NOT binding on the partnershipII. If Alice dies her heirs will inherit the economic value of her portion of the partnership but will NOT become partnersIII. Neither partner can legally withdraw from the partnership without just causeA. I only. B. II only. C. III only. D. I and II only. E. I, II, and III
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