Question: Sydney, Bailey, and Calle form a partnership under the Revised Uniform Partnership Act. During the first year of operation, the partners have fundamental questions regarding

Sydney, Bailey, and Calle form a partnership under the Revised Uniform Partnership Act. During the first year of operation, the partners have fundamental questions regarding the rights and obligations of the partnership as well as the individual partners. Which of the following questions can correctly be answered in the affirmative?

I. Is the partnership allowed legally to own property in the partnership’s name?

II. Do the partners have joint and several liability for breaches of contract of the partnership?

III. Do the partners have joint and several liability for tort actions against the partnership?

a. I only.

b. I and II only.

c. II and III only.

d. I, II, and III.

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