« previous next »

Author Question: Under the UPA, partnership profits are split equally. Indicate whether the statement is true or ... (Read 96 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
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

  • Sr. Member
  • ****
  • Posts: 365
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
True Friendship True Friendship
The Split-Brain Operation The Split-Brain Operation
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
A Split-Brain Experiment A Split-Brain Experiment
When dry, the long fruits (pods) of the California poppy (Eschscholzia californica) split open sudde When dry, the long fruits (pods) of the California poppy (Eschscholzia californica) split open sudde
Video: Carbohydrate digestion (brush border enzymes, end products) & Carb absorption (fructose, galactose)

For a complete list of videos, visit our video library