A Partner Cannot Make a General Assignment of Firm Property

question 15

True/False

A partner cannot make a general assignment of firm property for the benefit of creditors unless authorized by the other partners or unless they have abandoned the business.

---

Definitions:

Mountains

Large landforms that rise prominently above the surrounding landscape, typically having steep slopes and significant height differences, formed by processes such as tectonic movements or erosion.

Cloud Formation

The process by which water vapor in the atmosphere cools and condenses into water droplets or ice crystals, forming clouds.

Precipitation

Atmospheric water that falls to the surface as rain, snow, hail, or sleet.

Slopes

Inclined surfaces of the land, determining the direction and speed of water flow and often a factor in erosion and sediment deposition processes.