Business Law II Termination and Limited Partnerships 1. A partnership can be formed either by a or by 2. When a partnership dissolves either by an act of the court, an act of the partners, or operation of law this is known 3. (True / False) A partnership can continue after dissolution. 4. (True/False) A partner has a duty to remain in a partnership and can under no circumstances seek to dissolve the partnership 5. (True/False) According to the UPA, distribution of liquidated assets must begin with payment to partners of the capital they invested. 6. What type of partner have all rights associated with controlling the business? 7. Which type of partner has their liability limited to the amount of their capital contribution? 8. (True/False) A limited partnership may be dissolved by the written consent of the majority of the partners. 9. (True / False) Dissolution of the limited partnership can be accomplished by an act of the court. 10. (True / False) Each member of a Limited Liability Company (LLC) generally has a say in the management of the LLC