Identify the various types of business associations
and explain the factors relevant to deciding which
form to use.
• Distinguish between a legal entity and a legal
aggregate and identify those purposes for which a
partnership is treated as a legal entity and those
purposes for which it is treated as a legal aggregate.
• Distinguish between a partner’s rights in specific
partnership property and a partner’s interest in
the partnership.
• Identify and explain the duties owed by a partner
to her copartners.
• Identify and describe the rights of partners.
