1. The Revised Uniform Partnership Act of 1997 provides that no presumption of partnership is made when a share of the profits is received in payment for which of the following?

A.) Interest on a loan

B.) Wages

C.) Debt

D.) Rent

E.) None of the above

F.) All of the above

2. Which of the following would eliminate the apparent authority of a winding-up partner to conduct business in the ordinary way of the partnership?

A.) A third party could have guessed that the partnership had dissolved

B.) The passing of 60 days after the filing of a Statement of Dissolution with the Secretary of State

C.) Notice was provided to the third party that the partnership has dissolved

D.) All of the above

To show a violation of the faithless servant doctrine, an employer must show which of the following?

A.) That the employee's disloyal activity was related to the performance of his

duties and that the disloyalty permeated the employee's service in any part

B.) That the employee's activity, whether characterized as loyal or disloyal, was related to the performance of his duties and that those actions negatively impacted the business

C.) That the employee engaged in criminal conduct (either work or non-work related) and that the disloyalty permeated the employee's service in its most material and substantial part

D.) That the employee's disloyal activity was related to the performance of his duties and that the disloyalty permeated the employee's service in its most material and substantial part