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
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?