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Author Question: Under the UPA, partnership profits are split equally. Indicate whether the statement is true or ... (Read 58 times)

biggirl4568

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on: Jun 24, 2018
Under the UPA, partnership profits are split equally.
  Indicate whether the statement is true or false

Question 2

What is the effect of one spouse earning no income during the course of a marriage in a community property state?


mcarey591

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

The lack of earned income has no effect on the spouse's property rights in the marital property. The theory of community property is that both spouses contribute to the community on a 50/50 basis and so share ownership, regardless of level of contribution.


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