Asked by Zachariah Andress on Jul 04, 2024
Verified
A written agreement to the effect that the parties do not intend to form a partnership is not conclusive if their actions provide evidence of their intent to form a relationship that meets the RUPA partnership test.
Written Agreement
A legally binding contract that has been documented in writing between two or more parties.
RUPA Partnership Test
The criteria established under the Revised Uniform Partnership Act to determine the existence of a partnership, focusing on the intention to carry on as co-owners of a business for profit.
- Analyze the evidentiary value of written agreements versus actions in forming a partnership under RUPA.
Verified Answer
RH
Roger HindrichJul 11, 2024
Final Answer :
True
Explanation :
A written agreement to the effect that the parties do not intend to form a partnership is not conclusive if their actions provide evidence of their intent to form a relationship that meets the RUPA partnership test.
Learning Objectives
- Analyze the evidentiary value of written agreements versus actions in forming a partnership under RUPA.