An Assignee of a Partner's Interest Does Not Become a Partner

question 35

Multiple Choice

An assignee of a partner's interest does not become a partner without the consent of the other partners and is only entitled to: _______.

• A) participate in the management of the partnership.
• B) receive the assignor's share of the profits during the term of the partnership and the assignor's share of capital on dissolution.
• C) inspect the books of the partnership.
• D) vote on matters concerning the business of the partnership.

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Definitions:

Salvation

In religious contexts, the deliverance from sin and its consequences, believed by Christians to be brought about by faith in Christ.

New Netherland

A 17th-century colonial province of the Dutch Republic that included parts of what is now the northeastern United States.

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Friendly and cordial interactions or agreements between individuals, groups, or nations, often aimed at fostering peace and cooperation.

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A conflict between the Pequot tribe and settlers from the Massachusetts Bay, Plymouth, and Saybrook colonies along with their Native American allies in 1636-1637.