The Sale of a Partner's Transferable Interest in a Business

question 34

Multiple Choice

The sale of a partner's transferable interest in a business entitles the buyer to what rights?

• A)Distributions,like profit,that the selling partner was entitled to.
• B)The right to inspect the partnership's accounting books.
• C)The right to manage the partnership.
• D)The right to represent the partnership in a legal proceeding.

---

Definitions:

Pumps

Mechanical devices used to move fluids (liquids or gases) from one place to another, often by creating a vacuum or pressure difference.

Crop

A crop is a plant or plant product that can be grown and harvested extensively for profit or subsistence.

Diagram

A basic illustration that depicts the look, framework, or function of an object in a diagrammatic form.

Least Efficient

Pertaining to the lowest level of effectiveness or productivity in terms of energy, cost, or time.