Fred and alice formed an at will partnership

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Reference no: EM131034270

Fred and Alice formed an at will partnership on January 1, 20XX. There was no formal written agreement. Which of the following is correct under the Uniform Partnership Act?

I. If Fred makes a contract on behalf of the partnership in the regular course of business without first consulting with Alice, the contract is NOT binding on the partnership

II. If Alice dies her heirs will inherit the economic value of her portion of the partnership but will NOT become partners

III. Neither partner can legally withdraw from the partnership without just cause

A. I only. B. II only. C. III only. D. I and II only. E. I, II, and III

Reference no: EM131034270

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