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Sue Has Transferred Her Transferable Interest of the Partnership Business

question 55

Essay

Sue has transferred her transferable interest of the partnership business to her creditor to discharge her debt.However,Sue is an efficient manager and she still manages the business,even after the transfer.Is she still a partner?


Definitions:

Prescriptive

Relating to the imposition or application of rules or recommendations, often in a directive manner.

Productive

Refers to achieving significant results or output efficiently in a given period.

Group Members

Individuals who form part of a team or collective, each contributing to the group's objectives.

Particular Goal

A specific objective or aim that an individual or group strives to achieve.

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