Which of the Following Is True About Buyout of Nonwrongfully

question 83

Multiple Choice

Which of the following is true about buyout of nonwrongfully dissociated partners?

• A)The partnership may wait to buy out the partner until the end of the partnership's term.
• B)The buyout price must deduct the interest from the date of dissociation.
• C)The dissociated partner cannot ask the court to determine the buyout price.
• D)The partner must be paid in cash within 120 days.

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Definitions:

Former Soviet Union

Refers to the federation of socialist republics that existed from 1922 to 1991, comprising Russia and other neighboring countries.

GNPs

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