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:

Autonomy

The capacity to make an informed, un-coerced decision independently.

Beneficence

In ethics, it refers to the moral obligation to act for the benefit of others, promoting their well-being.

Expected Privacy

The level of privacy an individual can reasonably anticipate in a particular situation, often influenced by context and cultural norms.

Confidentiality

The assurance that personal or sensitive information is kept secure and not shared without authorization.