« previous next »

Author Question: Under the UPA, partnership profits are split equally. Indicate whether the statement is true or ... (Read 100 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?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Summation of Heart Sounds, Normal Physiological Split of S2 Summation of Heart Sounds, Normal Physiological Split of S2
Parents who grew up in dual-earner families are more apt to share household tasks equally than those ... Parents who grew up in dual-earner families are more apt to share household tasks equally than those ...
Keim silicate paint, 14,000 sq. ft. Architect: Zimmer Gunsel Frasca Partnership. Keim silicate paint, 14,000 sq. ft. Architect: Zimmer Gunsel Frasca Partnership.
Example of an Explanation of Benefits statement. Example of an Explanation of Benefits statement.
Example of a patient statement. Example of a patient statement.
How The Two-Party Presidential Vote is Split How The Two-Party Presidential Vote is Split
Video: Power Supply Polyacrylamide Gel Protein Sample

For a complete list of videos, visit our video library