$1.$ According to the RUPA, when a new partner joins a partnership, what is her level of liability?

Multiple Choice

A new partner's level of liability for past obligations is dependent on what she negotiates.

A new partner's level of liability is contingent based on the amount of her capital contribution.

A new partner is liable for any and all obligation ever incurred by the partnership.

A new partner has no liability for past or future obligations.

A new partner is only liable for obligations incurred by the partnership after she becomes a partner.

$2.$ Which of the following would constitute a wrongful dissociation?

Multiple Choice

All of the above.

Expulsion of a partner by a court at the request of the partnership or another partner.

Withdrawal of a partner before the end of the partnership's term, unless the partner withdraws within $90$ days after another partner's death, adjudicated incapacity, appointment of a custodian over his property, or wrongful dissociation.

Withdrawal of a partner that breaches an express provision in the partnership agreement.

A partner's filing a bankruptcy petition or being a debtor in bankruptcy.

$3.$ Which of the following is generally not a power that is given through implied authority to a partner who is winding up a partnership?

Multiple Choice

Sue to enforce partnership rights

Collect partnership money

Borrowing money on behalf of the partnership

Sell partnership assets

$4.$ If a new partner enters a$($n$)\_\_\_,$ the $\_\_\_$ provides that the partner has no liability for the obligations of the business beyond her capital contribution, regardless of whether the obligations were incurred before or after joining the partnership.

Multiple Choice

LLP$,$ RUPA

sole proprietorship, LLP

S Corporation, LLP

corporation, LLC

LLC$,$ RUPA

$5.$ Graham was a partner at Zach & Graham Associates, a partnership at will. Graham was offered another business opportunity that was more attractive than remaining as a partner with Zach & Graham Associates. Following this, he dissociated himself from the partnership. Which of the following is correct regarding this situation?

Multiple Choice

Graham used his right to dissociate to withdraw.

Graham eliminated his liability to the partnership obligations.

Graham may not use his power to withdraw.

Graham's dissociation would be a wrongful dissociation.