Commercial leases:
A) Must be in writing to be enforceable.
B) Cannot be oral agreements.
C) Are required by state laws to be in writing if they are longer than one year.
D) None of the above
Question 2
Under the UPA, and absent an agreement, a tenancy in partnership possesses all the following characteristics, except:______.
A) each partner has an equal right to use firm property for partnership purposes in the absence of a contrary agreement.
B) each partner possesses no divisible interest in any specific item of partnership property that can be voluntarily sold, assigned, or mortgaged by a partner.
C)each creditor of a partner cannot proceed against any specific items of partnership property.
D)the partnership must file necessary documentation with the state where it does business.
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