In the Case Nugget in the Book, Bluestein and Krugman

question 29

Multiple Choice

In the Case Nugget in the book, Bluestein and Krugman v. Olden, what did the court determine in regards to the winding-up of the partnership when all partners were in agreement to the dissolution of the partnership but not in agreement with the selling price of the partnership?

• A) Because the partnership was terminated in accordance with the partnership agreement, the court ruled that Olden could not prevent maximization of the partnership's assets.
• B) Because the partners could not agree, the court determined that it had jurisdiction to decide a selling price and distribution of partnership assets.
• C) That because the defendant wanted to continue the business components of the partnership, he had right of first refusal to buy all the partnership assets at a reduced cost.
• D) That the parties had a partnership agreement that was not being followed and as such, the court determined the partnership had to continue until the parties could come to an agreement and appointed a mediator to help in the process.
• E) That the partnership agreement was invalid, and the entire set of assets must be sold at auction and distributed according to money invested by each partner.

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Definitions:

Veto Power

The authority to unilaterally stop or reject a decision, action, or proposal.

Mate Selection

The process individuals use to choose partners with whom to form a reproductive relationship, influenced by various biological, social, and cultural factors.

Gender Differences

Variations in characteristics, behaviors, roles, and expectations based on one's identified or perceived gender.

Traditional Values

Socially inherited norms and beliefs that are passed down through generations, typically emphasizing family roles, religion, and moral views.