1. Explain the differences between UPA and RUPA in regards to:

a) Disassociation

b) Apparent Authority

c) Marshalling

d) Distribution of Assets

3. a. Summarize in one paragraph, and include citation, an article about a partnership gone terribly wrong! b. Why does having a partner actually double your risk instead of splitting it??

Business Law 2

PLEASE ANSWER ANY TWO OF THE FOLLOWING: (separate questions by number- do not lump all answers in to one paragraph)

1. Describe two differences between a general partnership and a limited partnership.

2. Identify those activities in which a limited partner may engage without forfeiting limited liability.

3. Describe two differences between a limited partnership and a limited liability company.

4. Describe the difference between a member-managed limited liability company and a manager-managed limited liability company.