​Fact Pattern 37-3 Bryn, Cornell, and Duke Are General Partners in Equity Lending

question 23

Multiple Choice

​Fact Pattern 37-3
Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, and investment firm. Their agreement states that it is a breach of the agreement for any partner to assign his or her interest to a creditor without the consent of the other partners.
-Refer to Fact Pattern 37-3. Cornell's assignment of his interest in Equity Lending to Financial Consultants Corporation results in

• A) ​nothing with respect to Cornell or Equity Lending.
• B) ​the automatic termination of Equity Lending's legal existence.
• C) ​Cornell's liability for all of Equity Lending's debts.
• D) ​Cornell's wrongful dissociation and liability for any damages.

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Definitions:

Homologous Chromosomes

Homologous chromosomes are pairs of chromosomes in a diploid organism that have the same structure and gene sequence but can carry different alleles.

Anaphase I

A stage during meiosis where homologous chromosomes are separated and moved to opposite ends of the cell.

Nuclear Envelope

The double-membrane structure that encloses the nucleus of a eukaryotic cell, separating the cell's genetic material from the cytoplasm.

Telophase II

Telophase II is the final stage of meiosis II, where the two sets of chromosomes decondense and are enclosed in nuclear membranes, resulting in four haploid daughter cells.